Ernest Corporation accountants have assembled the following data for the year ended June 30, 2018: E: (Click the icon to view the data.) Prepare Ernest Corporation's statement of cash flows for the year ended June 30, 2018. The company uses the indirect method for operating activities. Begin by completing the cash flows from subtracted and for a net decrease in cas 7 minus sign for numbers to be 1 Data Table - X Statement Yed Cash flows from operating activities Adjustments to reconcile net incon net cash provided by used for) op Net income.................... Payment of dividends............ Proceeds from the issuance of common stock. ............ Sales revenue Decrease in current assets other than cash............... Purchase of treasury.stock. ......... $ ? Cost of goods sold ................$ 100,000 6,400 Other operating expenses....... 37,000 Purchase of equipment 25,000 with cash. 44,000 230,000 Increase in current liabilities..... 7,000 Payment of note payable. ........ 29,000 30,000 Proceeds from sale of land...... 32,000 11,000 Depreciation expense.............. 11,000 Net cash provided by (used Cash flows from investing activities Print Done Net cash provided hv (used for investina activities Choose from any list or enter any number in the input fields and then continue to the next question. Ernest Corporation accountants have assembled the following data for the year ended June 30, 2018: Click the icon to view the data.) Prepare Ernest Corporation's statement of cash flows for the year ended June 30, 2018. 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, 2018 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by used for) operating activities: Net cash provided by used for) operating activities Cash flows from investing activities: Net cash provided hv (used for investing activities Choose from any list or enter any number in the input fields and then continue to the next question. net cash provided by (used for) operating activities: Net cash provided by used for) operating activities Cash flows from investing activities: Net cash provided by used for) investing activities Cash flows from financing activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash Choose from any list or enter any number in the input fields and then continue to the next