Data Table 51,000 $ 15,000 $ 22,000 $ 13,000 Purchase of equipment with cash 27,000 $ 17,000 Net income Payment of dividends Proceeds from issuance of stock. Purchase of treasury stock Sales revenue Payment of long-term note payable Decrease in current liabilities Cost of goods sold 8,000 Other operating expenses 72,000 Depreciation expense $117,000 S $ 6,000 other than cash Proceeds from sale of land 17,000 Increase in current assets $ 9,000 mesCorporaton as loliowing acuvitesT the past yeal EEB (Click the icon to view the data.) Prepare the statement of cash flows for Ernest Corporation for the year. Ernest Corporation uses the indirect method for operating activities Prepare the statement one section at a time. (Use a minus sign or parentheses for numbers that should be subtracted.) Ernest Corporation Statement of Cash Flows (Indirect Method) For the Year Ended December 31 Operating Activities Adjustments to reconcile net income to cash basis Net cash provided by (used for) operating activities