The income statement, balance sheets, and additional information for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMS Balance Sheets December 31 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investments Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable 20242023 Long-term liabilities: Notes payable Stockhotders' equity: Common stock Retained earnings Total liabilities and stockholders' equity \begin{tabular}{rr} 196,000 & 110,000 \\ 210,500 & 261,000 \\ 232,000 & 211,000 \\ (129,500) & (105,500) \\ \hline$944,600 & $862,600 \\ \hline \end{tabular} $30,5004,20021,400$89,0003,10024,500 1. Purchased additional investment in stocks for $86,000. 2. Sold land for $53,000. The land originally was purchased for $50,500, resulting in a $2,500 gain being recorded at the time of the sale. 3. Purchased $21,000 in equipment by issuing a $21,000 long-term note payable to the seller. No cash was exchanged in the transaction. 4. Declared and paid a cash dividend of $111,000. 5. Issued common stock for $51,000. VIRTUAL GAMING SYSTEMS Statement of Cash Flows For the Year Ended December 31, 2024 Cash Flows from Operating Activities: Adjustments to reconcle net income to net cash flows from operating activities