S11-6 (similar to) D Assigned Media Question Help Ernest Corporation accountants have assembled the following data for the year ended June 30, 2018 : (Click the icon to view the data.) Prepare the operating activities section of Ernest's statement of cash flows for the year ended June 30, 2018. The company uses the indirect method for operating cash flows. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Data Table Ernest Corporation Statement of Cash Flows (Indirect Method) Year Ended June 30, 2018 Cash flows from operating activities: $ 113,000 31,000 Adjustments to reconcile net income to net cash provided by (used for) operating activities: 42.000 Net income Payment of dividends Proceeds from the issuance of common stock Sales revenue Increase in current assets other than cash Purchase of treasury stock. $ ? Cost of goods sold. 5,500 Other operating expenses Purchase of equipment 24,000 with cash 222,000 Decrease in current liabilities. Payment of note payable. 33,000 Proceeds from sale of land 5,000 Depreciation expense 9,000 33,000 35,000 13,000 Net cash provided by (used for) operating activities Print Done Choose from any list or enter any number in the input fields and then click Check