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Ernest Corporation accountants have assembled the following data for the year ended June 30, 2021: (Click the icon to view the data.) Prepare Ernest

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Ernest Corporation accountants have assembled the following data for the year ended June 30, 2021: (Click the icon to view the data.) Prepare Ernest Corporation's statement of cash flows for the year ended June 30, 2021. The company uses the indirect method for operating activities. Begin by completing the cash flows from operating activities. Then complete the remaining sections of the cash flow statement. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Ernest Corporation Statement of Cash Flows (Indirect Method) Year Ended June 30, 2021 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by (used for) operating activities: Depreciation Increase in current assets other than cash Decrease in current liabilities Net cash provided by (used for) operating activities Data table Net income $? Cost of goods sold $113,000 Payment of dividends 6,500 Other operating expenses 37,000 Proceeds from the issuance of common stock 28,000 Purchase of equipment with cash 37,000 Sales revenue 200,000 Decrease in current liabilities 9,000 Increase in current assets other than cash 39,000 Payment of note payable 32,000 Purchase of treasury stock 6,000 Proceeds from sale of land 33,000 Print Done

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