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Homework: Chapter 9 Homework Question 1, 59-5 similar to O Points: 0 of 1 Ericson Corporation Inc. accountants have assembled the following data for the year ended June 30, 2020 Click the icon to view the year and data) the waiting activities section of Ericson's statement of cash lows for the year ended June 30, 2020. Ericson Use the Indirect method for operating cash Rows. GE Uw parents or a minut sign for numbers to be subtracted or anet decrease in cash) Erlend Corporation the Sant Cacho For the Year Ended June 30, 2020 Cash flows from operating activities Net income Adjustments to reconcile net income to not cash provided by operating activities Depreciation Increase incurrant other than cash Our in current abates Bubtotal Met cash wided by operating activities nd data Payment of dividends Proceeds from issuance of common shares $ 5,500 30,000 228,000 . 31,000 . 5,000 113,000 Sales revenue Increase in operating current assets other than cash Repurchase of common shares Cost of goods sold Other operating expenses Purchase of equipment Decrease in operating current liabilities Payment of note payable Proceeds from sale of land 31,000 39,000 . 12,000 27,000 HIN. 67,000 Depreciation expense 13,000 Print Done