Problem 11-4A (Algo) Prepare a statement of cash flows-indirect method ( LO11-2, 11-3, 11-4, 11-5) The income statement, balance sheets, and additional information for Video Phones, Incorporated, are provided. Additional Information for 2024: 1. Purchased investment in bonds for $113,000. 2. Sold land for $29,200. The land originally was purchased for $38,000, resulting in a $8,800 loss being recorded at the time of the sale. 3. Purchased $68,000 in equipment by issuing a $68,000 long-term note payable to the sellec. No cash was exchanged in the transaction. 4. Declared and paid a cash dividend of $29,000. VIDEO PHONES, INCORPORATED Statement of Cash Flows For the Year Ended December 31, 2024 Cash Flows from Operating Activities
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