The income statement, balance sheets, and additional information for Virtual Gaming Systems are provided. Additional Information for 2024 : 1. Purchased additional investment in stocks for $90,000 2. Sold land for $57,000. The land originally was purchased for $52,500, resulting in a $4,500 gain being recorded at the time of the sale. 3. Purchased $25,000 in equipment by issuing a $25,000 long-term note payable to the seller No cash was exchanged in the transaction. 4. Declared and paid a cash dividend of $115,000. 5. Issued common stock for $55,000