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I need help preparing the ststement of cashflow

(#2) Problem 11-4A Prepare a statement of cash flows-indirect method (LO2, 3) The income statement, balance sheet, and additional information for Video Phones, Inc., are provided. VIDEO PHONES, INC. Income Statement For the Year Ended December 31, 2015 Net sales $ 3,236,000 Expenses: Cost of $ 2,100,000 goods sold Operating 888,000 expenses Depreciation 30,000 expense Loss on sale 8,300 of land Interest 16,500 expense Income tax 51,000 expense Total expenses 3,093,800 Net income $ 142,200 VIDEO PHONES, INC. Balance Sheet December 31 2015 2014 $ $ Assets Current assets: Cash Accounts receivable Inventory Prepaid rent 226,580 84,300 105,000 12,720 169,140 63,000 138,000 6,360 2015 2014 Long-term assets: Investments Land Equipment Accumulated depreciation 108,000 213,000 276,000 (72,600) 246,000 213,000 (42,600) Total assets $ 953,000 792,900 68,700 84,000 6,300 10,600 15,300 14,300 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings 291,000 228,000 330,000 330,000 241,700 126,000 Total liabilities and stockholders equity $ 953,000 $ 792,900 2. Sell land costing $33,000 for only $24,700, resulting in a $8,300 loss on sale of land. 3. Purchase $63,000 in equipment by borrowing $63,000 with a note payable due in three years. No cash is exchanged in the transaction. 4. Declare and pay a cash dividend of $26,500. Required: Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note. (List cash outflows and any decrease in cash as negative amounts.)

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