Eldred Corporation accountants have assembled the following data for the year ended June 30, 2012:

Prepare the operating activities section of Eldred€™s statement of cash flows for the year ended June 30, 2012. Eldred uses the indirect method for operating cashflows.

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? Cost of goods 5,500 Other operating expenses.... $114,000 Net income Payment of dividends Proceeds from the issuance Purchase of equipment.. 37,000 15,000 Increase in current liabilities.11,000 29,000 Proceeds from sale of land.31,000 6,000 n stock. 222,000 Payment of note payable Increase in current assets other than cash Purchase of treasury stock.. 32,000 Depreciation expense 8,000