Use the data in SE12-7 to prepare Adams Corporation€™s statement of cash flows for the year ended June 30, 2014. Adams uses the indirect method for operating activities.
In SE12-7, Adams Corporation accountants have assembled the following data for the year ended June 30,2014:

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Net income Payment of dividends Procceds from the issuanco SCost of goods sold.. 6,400 Other operating expenses.. Purchase of cquipment with cash 64,000 24,000 37,000 20,100 37,000 28,000 12,000 of common stock. Increasc in Current asscts Payment of note payable. other than cash Purchase of treasury stock.... 8,000 Depreciation c