The income statement, balance sheets, and additional information for Virtual Gaming Systems are provided. Adiditional Information for 2024: 1. Purchased additional investment in stocks for $95,000. 2. Sold land for $62,000. The land originally was purchased for $55.000, resulting in a $7,000 gain being recorded at the time of the sale. 3. Purchased $30.000 in equipment by issuing a $30.000 long-term note payable to the seller. No cash was exchanged in the transection. 4. Declared and paid a cash dividend of $120.000. 5. Issued common stock for $60.000. Required: Prepare the statement of cash flows for Virtual Gaming Systems using the direct method. Disclose any noncash transactions in an. sccomponying note. (Amounts to be deducted, cash outfiows, and any decrease in cash should be indleated with a minus slgn.)