The income statement, balance sheets, and additional information for Video Phones, Incorporated, are provided.

$\backslash$table$[[$VIDEO PHONES, INCORPORATED$],[$Income Statement,,$],[$For the Year Ended December,$31,2024,],[$Net sales,,$],[$Expenses:$,$$$1,800,000,],[$Cost of goods sold,$828,000,],[$Operating expenses,$24,000,],[$Depreciation expense,$7,700,],[$Loss on sale of land,$13,500,],[$Interest expense,$45,000,],$Retained earnings for $2024,264,300-2023,120,000[$Income tax expense,,$2,718,200$ total liabilities and stockholders equities

$2024,897,000-2023,713,100$

Additional information

$1.$ Purchased investment in bonds for $$102,000.$

$2.$ Sold land for $$19,300.$ The land originally purchased for $$27,000,$ resulting in a $$7,700$ loss being recorded at the time of the sale.

$3.$ Purchase $$57,000$ in equipment by issuing a $$57,000$ long$-$term note payable to the seller. No cash was exchanged in the transaction.

$4.$ Declared and paid a cash dividend $$23,500.$

Prepare the statement of cash flows using indirect method. Disclose any non$-$cash transactions in an accompany note.