Edwards Corporation accountants have assembled the following data for the year ended June 30, 20X8.

Prepare the operating activities section of Edwards' statement of cash flows for the year ended June 30, 20X8. Edwards uses the indirect method for operating cash flows.

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$ Cost of goods sold.$100,000 Payment of dividends.6,000 Other operating expenses.35,000 Net income.. Proceeds from issuance Purchase of equipment Decrease in current liabilities.... .n... of common stock.. 20,000 5,000 30,000 Proceeds from sale of land....60,000 8,000 Sales r Increase in current 224,000 Payment of note payable evenle.... assets other than cash 30,000 Depreciation expense. Purchase of treasury stock 5,000