Emest Corporation has the following activities for the past year (Click the icon to view the data.) Requirement Prepare the operating activities section of Ernest 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.) Ernest 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 Data Table 1 $ 45,000 13,000 $ 18,000 $14,000 Purchase of equipment with cash 23,000 $ 21,000 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 3,000 Other operating expenses 78,000 Depreciation expense $121,000 $ S 10,000 other than cash Proceeds from sale of land 16,000 Increase in current assets $ 5,000 PrintDone