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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 |
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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