Ernest Corporation accountants have assembled the following data for the year ended June $30,2021$:

$($Click the icon to view the data.$)$

Prepare the operating activities section of Ernest's statement of cash flows for the year ended June $30,2021.$ The company uses the indirect method for operating cash flows. $($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

$[$

$q,$

$$

Increase in current liabilities

Decrease in current assets other than cash

$$

$$

$$

$$

Net cash provided by $($used for$)$ operating activities

Data table

$\backslash$table$[[$Net income,$ $?,$Cost of goods sold,$$,111,000],[$Payment of dividends,$6,400,$Other operating expenses,,$37,000],[$Proceeds from the issuance of common stock,$15,000,$Purchase of equipment with cash,,$44,000],[$Sales revenue,$228,000,$Increase in current liabilities,,$18,000],[$Decrease in current assets other than cash,$38,000,$Payment of note payable,,$33,000]]$