Ericson Corporation has the following activities for the past year: View the activity for the year Requirement Prepare the operating activities section of Ericson 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.) Ericson Corporation Activity Net income. Payment of dividends Proceeds from issuance of stock ... $ 72,000 Purchase of treasury stock $? Cost of goods sold $ 50,000 $ 4,000 I Sales revenue Payment of long-term note payable Decrease in current liabilities .....$ 11,000 $ 121,000 $ 14,000 $ 7,000 Other operating expenses Depreciation expense.. Purchase of equipment with cash. $ 24,000 $ 19,000 Proceeds from sale of land Increase in current assets other than cash $ 11,000 $ 22,000 $ 8,000 Statement of Cash Flows-Operating Activities Section (Indirect Method) Operating Activities: Net income For the Year Ended December 31 Adjustments to reconcile net income to cash basis Depreciation expense Decrease in current liabilities Increase in current assets other than cash Net cash provided by (used for) operating activities. Print Done Activate Windows -