Ernest Corporation accountants have assembled the following data for the year ended June 30, 2018: (Click the icon to view the data.) Prepare Ernest Corporation's statement of cash flows for the year ended June 30, 2018. 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.) Ernest Corporation Statement of Cash Flows (Indirect Method) Year Ended June 30, 2018 Cash flows from operating activities: Data Table - X Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net income Payment of dividends Proceeds from the issuance of common stock $? Cost of goods sold $ 118,000 10,000 Other operating expenses 32,000 Purchase of equipment 16,000 with cash 34,000 229,000 Increase in current liabilities 7,000 Payment of note payable 34,000 36,000 Proceeds from sale of land 27,000 7,000 Depreciation expense ........ 6,000 Net cash provided by (used for) operating activities Cash flows from investing activities: Sales revenue. Decrease in current assets other than cash Purchase of treasury stock ....... Print Done Net cash provided by (used for) investing activities Cash flows from financing activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash