Prepare the statement of cash flows using the indirect method Net Income ? Cost of Goods Sold 115,000 Payment of Dividends 6,300 Other Operating expenses 41,000 Proceeds from Stock 20,000 Purchase of Equipment for cash 36,000 Sales Revenue 223,000 Increase in current liabilities 6,000 Increase in current assets (other than cash) 37,000 Payment of Notes Payable 31,000 Purchase of Treasury Stock 8,000 Proceeds from sale of land 34,000 Depreciation Expense 12,000