Ethan Corporation accountants have assembled the following data for the year ended June 30, 2010.

Prepare the operating activities section of Ethan€™s statement of cash flows for the year ended June 30, 2010. Ethan uses the indirect method for operating cashflows.

Transcribed Image Text:

Net in Payment of dividends Proceeds from the issuance ? Cost of goods sold 5,600 Other operating expenses $116,000 33,000 Purchase of equipment 7,000 32,000 228,000 Payment of note payable ales revenue Decrease in current assets other than cash 35,000 Depreciation expense.. 11,000 Purchase of treasury stock. 6,000