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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 Emest 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.) - X Data table Emest Corporation Statement of Cash Flows (Indirect Method) ) Year Ended June 30, 2021 Cash flows from operating activities: : Net income Net Income $ 100,000 36,000 $? Cost of goods sold 6,200 Other operating expenses Purchase of equipment with 30.000 cash 228,000 Decrease in current liabilities 41,000 Payment of dividends Proceeds from the issuance of common stock Sales revenue Increase in current assets other than cash Purchase of treasury stock Adjustments to reconcile net income to net cash provided by (used for) operating activities: Proceeds from issuance of common stock Payment of note payable Payment of dividends Net cash provided by used for) operating activities 9,000 40,000 Payment of note payable 3,000 Proceeds from sale of land Depreciation expense 33,000 30,000 4,000 Print Done