Eldred Corporation Inc. accountants have assembled the following data for the year ended June 30, 2017: : (Click the icon to view the year end data.) Prepare the operating activities section of Eldred's statement of cash flows for the year ended June 30, 2017. Eldred uses the indirect method for operating cash flows. (Use parentheses or a minus sign for numbers to be subtracted or a net decrease in cash.) Year end data - X Eldred Corporation Inc. Statement of Cash Flows For the Year Ended June 30, 2017 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation Increase in current assets other than cash Payment of dividends .............$ 5,800 Cost of goods sold .................... $ 112,000 Proceeds from issuance of Other operating expenses ............... 35,000 common shares .............. 25,000 Purchase of equipment................. 35,000 Sales revenue. 222,000 Decrease in operating current liabilities 9,000 Increase in operating current assets Payment of note payable 32,000 other than cash 37,000 Proceeds from sale of land......... 62,000 Repurchase of common shares ....... 4,000 Depreciation expense. 14,000 Decrease in current liabilities Net cash provided by operating activities Print Done