The income statement, balance sheets, and additional information for Virtual Gaming Systems are provided.

Additional Information for $2024$:

Purchased additional investment in stocks for $$76,000.$

Sold land for $$53,000.$ The land originally was purchased for $$45,500,$ resulting in a $$7,500$ gain being recorded at the time of the sale.

Purchased $$11,000$ in equipment by issuing a $$11,000$ long$-$term note payable to the seller. No cash was exchanged in the transaction.

Declared and paid a cash dividend of $$101,000.$

Issued common stock for $$41,000.$

Required:

Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note. $($Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.$)$

$\backslash$table$[[$VIRTUAL GAMING SYSTEMS$],[$Statement of Cash Flows$],[$For the Year Ended December $31,2024],[$Cash Flows from Operating Activities:$],[$Adjustments to reconcile net income to net cash flows from operating activities:$],[],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[$Net cash flows from operating activities,$$,0],[\backslash$table$[[$Cash Flows from Investing Activities:$]]],[,,],[,,],[,,],[$Net cash flows from investing activities,$0,0],[$Cash Flows from Financing Activities:$],[,,],[,,],[$Net cash flows from financing activities,,$],[,,],[$Cash at the beginning of the period$],[$Cash at the end of the period,,$0],[$Note: Noncash Activities,,$],[,,]]$