BrooklynBrooklyn

Corporation has the following activities for the past year:

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Requirement

Prepare the operating activities section of

BrooklynBrooklyn

Corporation's statement of cash flows for the year ended December 31, using the indirect method for operating cash flows. (Use parentheses or a minus sign for numbers to be subtracted.)

	Brooklyn Corporation
	Statement of Cash FlowsOperating Activities Section (Indirect Method)
	For the Year Ended December 31
	Operating Activities:
	Adjustments to reconcile net income to cash basis
			DATA TABLE
	Net income. . . . . . . . . . . . . . . . . . $ ? Cost of goods sold. . . . . . . . . . . . $50,000 Payment of dividends. . . . . . . . . . . $2,000 Other operating expenses. . . . . . . $12,000 Proceeds from issuance of stock. . $75,000 Depreciation expense. . . . . . . . . . $21,000 Purchase of treasury stock. . . . . . $14,000 Purchase of equipment with cash. . $28,000 Sales revenue. . . . . . . . . . . . . . . . $125,000 Proceeds from sale of land. . . . . . . $21,000 Payment of long-term note payable. $16,000 Increase in current assets Decrease in current liabilities. . . . . $6,000 other than cash. . . . . . . . . . . . $8,000
	Net cash provided by (used for) operating activities