Ericson Corporation has the following activities for the past year:

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

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Cost of goods sold. Other operating expenses. Depreciation expense Purchase of equipment with cash Proceeds from sale of land Net income... $ 49,000 Payment of dividends. Proceeds from issuance of stock. $ 6,000 $ 14,000 $ 73,000 $ 20,000 Purchase of treasury stock Sales revenue $ 13,000 $ 26,000 $124,000 $ 19,000 Payment of long-term note payable. Increase in current assets other than cash .. $ 6,000 $ 13,000 $ 9,000 Decrease in current liabilities