The income statement, balance sheets, and additional information for Virtual Gaming Systems are provided. Additional Information for 2024: Additional 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 transaction. 4. Declared and paid a cash dividend of $120,000 5. Issued common stock for $60,000 Required: Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note. (Amounts to be deducted, cosh outflows, and ony decrease in cosh should be indicoted with a minus sign.) VIRTUAL GAMING SYSIEMS Statement of Cash Flows For the Year Ended Decermbier 31,2024 Cash Flows from Operating Activities: \begin{tabular}{|c|c|c|} \hline Net cash flows from operating activities & $ & 0 \\ \hline \multicolumn{3}{|l|}{ Cash Flows from Investing Activities: } \\ \hline \multicolumn{3}{|l|}{7} \\ \hline & & \\ \hline \\ \hline \\ \hline Net cash flows from investing activities & & 0 \\ \hline \multicolumn{3}{|l|}{ Cash Flows from Financing Activities } \\ \hline \\ \hline \\ \hline \\ \hline \multicolumn{3}{|l|}{ Net cash flows from financing activities } \\ \hline & & \\ \hline \multicolumn{3}{|l|}{ Cash at the beginning of the period } \\ \hline Cash at the end of the period & $ & 0 \\ \hline \multicolumn{3}{|l|}{ Note: Noncash Activities } \\ \hline & & \\ \hline \end{tabular}