The income statement, balance sheets, and additional information for Video Phones, Incorporated, are provided. 1. Purchased investment in bonds for $110,000 2. Sold land for $26.500. The land originally was purchased for $35,000, resulting in a $8,500 loss being recorded at the time of the sale. 3. Purchased $65.000 in equipmeat by issuing a $65,000 long term note payable to the seller No cash was exchanged in the transaction. 4. Declared and paid a cash dividend of $27,500. Required: Prenare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note. (A ign.)