(Solved): he income statement, balance sheets, and additional information for Cloud Mangu are provided. Dece ...

he income statement, balance sheets, and additional information for Cloud Mangu are provided. December 31 $20242023$ 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 $\$260,880$ 89,800 211,040 68,000 $105,000143,000$ $13,9206,960$ \begin{tabular}{rr} 113,000 & 0 \\ 218,000 & 256,000 \\ 286,000 & 218,000 \\ $(78,600)$ & $(43,600)$ \\ \hline$\$$ & $\$$ \\ $1,008,000$ & 859,400 \\ \hline \hline \end{tabular} $\$73,200\$89,000$ $6,80011,600$ $15,80014,800$ $301,000233,000$ $380,000380,000$ $231,200131,000$ Total liabilities and stockholders' equity $1,008,000859,400$ 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 seller. No cash was exchanged in the transaction. 4. Declared and paid a cash dividend of $\$29,000$. Required: Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note. Note: Amounts to be deducted, cash outflows, and any decrease in cash should be indicated with a minus sign.