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Net income $ ? Cost of goods sold $116,000 Payment of dividends 6,100 Other operating expenses 40,000 Proceeds from the issuance of common stock 15,000

Net income $ ? Cost of goods sold $116,000
Payment of dividends 6,100 Other operating expenses 40,000
Proceeds from the issuance of common stock 15,000 Purchase of equipment with cash 35,000
Sales revenue 200,000 Increase in current liabilities 13,000
Decrease in current assets other than cash 38,000 Payment of note payable 26,000
Purchase of treasury stock 4,000 Proceeds from sale of land 29,000
Depreciation expense 13,000

image text in transcribed Prepare the operating activities section of Ericson's statement of cash flows for the year ended June 30, 2021. The company minus sign for numbers to be subtracted and for a net decrease in cash.)

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