Question: THIS IS ALL ONE QUESTION!!!! just making sure i include all the info. thank you guys ill be sure to upvote! The income statement, balance

THIS IS ALL ONE QUESTION!!!! just making sure i include all the info. thank you guys ill be sure to upvote!
THIS IS ALL ONE QUESTION!!!! just making sure i include all the
info. thank you guys ill be sure to upvote! The income statement,
balance sheets, and additional information for Video Phones, Incorporated, are provided. VIDEO
PHONES, INCORPORATED 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 Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total

The income statement, balance sheets, and additional information for Video Phones, Incorporated, are provided. VIDEO PHONES, INCORPORATED 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 Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity \begin{tabular}{rr} $273,440 & $177,520 \\ 85,400 & 64,000 \\ 105,000 & 139,000 \\ 12,960 & 6,480 \\ 109,000 & 0 \\ 214,000 & 248,000 \\ 278,000 & 214,000 \\ (73,800) & (42,800) \\ \hline$1,004,000 & $806,200 \\ \hline & \\ $69,600 & $85,000 \\ 6,400 & 10,800 \\ 15,400 & 14,400 \\ 293,000 & 229,000 \\ 340,000 & 340,000 \\ 279,600 & 127,000 \\ \hline$1,004,600 & $806,200 \\ \hline \end{tabular} Additional Information for 2024 : 1. Purchased investment in bonds for $109,000. 2. Sold land for $25,600. The land originally was purchased for $34,000, resulting in a $8,400 loss being recorded at the time of the sale. 3. Purchased $64,000 in equipment by issuing a $64,000 long-term note payable to the seller No cash was exchanged in the transaction. 4. Declared and paid a cash dividend of $27.000. VIDEO PHONES, INCORPORATED 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: Decrease in accounts payable Decrease in interest payable Decrease in inventory Depreciation expense Gain (on sale of land) Net cash flows from operating activities Cash Flows from Investing Activities: Increase in accounts receivable Increase in income tax payable Increase in notes payable Increase in prepaid rent Loss (on sale of land) Net income Net loss Payment of cash dividends Proceeds from sale of land Purchase equipment by issuing a note payable

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