3. Elan Corporation accountants have assembled the following data for the year ended June 30, 2018: (Click the icon to view the data.) Prepare the operating activities section of Elan's statement of cash flows for the year ended June 30, 2018. The company uses the indirect method for operating cash flows. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Elan Corporation Statement of Cash Flows (Indirect Method) Year Ended June 30, 2018 Cash flows from operating activities: (1) Adjustments to reconcile net income to net cash provided by (used for) operating activities: (2) (3) Net cash provided by (used for) operating activities 1: Data Table $ 115,000 41,000 36,000 Net income Payment of dividends Proceeds from the issuance of common stock Sales revenue Increase in current assets other than cash Purchase of treasury stock $? Cost of goods sold. 6,300 Other operating expenses Purchase of equipment 20,000 with cash. 223,000 Increase in current liabilities Payment of note payable 37,000 Proceeds from sale of land 8,000 Depreciation expense. 6,000 31,000 34.000 12,000 (1) O Depreciation O Increase in current assets other than cash Increase in current liabilities O Net income O Payment of dividends O Payment of notes payable O Proceeds from sale of land Proceeds from the issuance of common stock O Purchase of equipment O Purchase of treasury stock (2) O O Net income O Proceeds from the issuance of common stock Depreciation O Payment of dividends Purchase of equipment Increase in current assets other than cash Payment of notes payable Purchase of treasury stock O Increase in current liabilities Proceeds from sale of land (3) O O Depreciation O Increase in current assets other than cash Increase in current liabilities O Net income O Proceeds from the issuance of common stock Payment of dividends O Purchase of equipment Payment of notes payable Purchase of treasury stock O Proceeds from sale of land