Eldred Corporation has the following activities for the past year (Click the icon to view the data) Requirement Prepare the operating activities section of Eldred Corporation's statement of cash flows for the year ended December 31, using the indirect method for subtracted) Eldred Corporation Statement of Cash Flows-Operating Activities Section (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 Choose from any list or enter any number in the input fields and then click Check Answer Clear All All parts showing O Type here to search Data Table Cost of goods sold Net income. Payment of dividends.. . . 6,000 Other operating expenses $ 11,000 Proceeds from issuance of stock . . $ 72,000 Depreciation expense . . . . . . Purchase of treasury stock.... 10,000 Purchase of equipment with cash . .$ 24,000 Sales revenue Payment of long-term note payable S 15,000 Increase in current assets Decrease in current liabilities $ 49,000 $ 22,000 s 120,000 Proceeds from sale of land $ 9,000 S 5,000 other than cash Print Done