517-13 Apple Distillery Inc. accountants have assembled the following data for the year ended June 30, 2020: Payment of dividends $12,000 Cash receipt from issuance of common shares 40,000 Increase in current assets other than cash 80.000 Repurchase of Apple Distillery shares 10,000 Net income $100,000 Purchase of equipment 80,000 Decrease in current abilities 10.000 Payment of note payable 80,000 26 Cash receipt from sale of land 120,000 Amortization expense 40,000 Use the data in 517-6 (and your answer if you completed that question) to prepare Apple Distillery Inc.'s cash flow statement for the year ended June 30, 2020. The business uses the indirect method for operating activities. Complete only the first three sections and omit the reconciliation of cash. 4 Preparing a cash flow statement-indirect method Net increase in cash, $68,000