Brooklyn Corporation has the following activities for the past year:

Requirement
Prepare the operating activities section of Brooklyn Corporation's statement of cash flows for the year ended December 31st, using the indirect method for operating cash flows.

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Net income Payment of dividends Proceeds from issuance of stock Purchase of treasury st Sales revenue Payment of note payable Decrease in current liabilities Cost of goods sold Other operating expenses Depreciation expense $47,000 $15,000 $17,000 $28,000 $26,000 $ 6,000 $ 75,000 10,000 Purchase of equipment $120,000 Proceeds from sale of land $12,000 Increase in current assets other than cash $10,000 ock..