the year. Brooklyn Corporation uses the indirect method for operating activities or parentheses for numbers that should be subtracted.) 1Data Table Cost of goods sold $ 45,000 Net income.... Payment of dividends .....7,000 Other operating expenses Proceeds from issuance of stock Purchase of treasury stock Sales revenue Payment of long-term note payable Decrease in current liabilities 14,000 21,000 77,000 Depreciation expense s 10,000 Purchase of equipment with cash s 29,000 s 21,000 $ 117,000 Proceeds from sale of land s 15,000 $ 11,000 other than cash Increase in current assets S 7.000 Print Done t fields and then click Check Answer. Clear All F8 F7 988 Fa F6 8 9 poklyn Corporation has the following activities for the pasty (Click the icon to view the data.) repare the statement of cash flows for Brooklyn Corporation Statement of Cash Flows (Indirect For the Year Ended December Operating Activities: Net income Adjustments to reconcile net income to cash basis Depreciation expense Increase in current assets other than cash Decrease in current liabilities Net cash provided by (used for) operating activities Investing Activities: Proceeds from sale of land Purchase of equipment Net cash provided by (used for) investing activities Financing Activities: Payment of dividends Payment of note payable Proceeds from issuance of common stock Purchase of treasury stock Net cash provided by (used for) financing activities Net increase (decrease) in cash This question is complete. Move your cursor over or tap Managerial Accounting-Fall 2018--9 AM Section Homework: Cash Flow Statement Score: 0 of 1 pt 50f 7 (2 complete) X El 3-16A (similar to) Brooklyn Corporation has the following activities for the past year (Click the icon to view the data.) Prepare the statement of cash flows for Brooklyn Corporation for the year. Brooklyn Corporation uses the indirect method for operating activities Prepare the statement one section at a time. (Use a minus sign or parentheses for numbers that should be subtracted.) Brooklyn Corporation Statement of Cash Flows (Indirect Method) For the Year Ended December 31 Operating Activities Adjustments to reconcile net income to cash basis