Eldred Corporation has the follovwing activities for the past year Cick te icon to vw e data) Preparu the statement of cash fows for Eldred Corporation for the year. Eldred Corporation uses the indirect method for operaling activities Propare the statement one section at a ime (Use a minus sign or parentheses for numbers that should be subtracted Eldred Corporation Statement of Cash Flows (Indirect Method) Foe the Year Ended December 31 Operating Activities Adustments to neconole net income to cash basis Net cash provided by (uised for operatng adivs Data Table Net income $? Cost of goods sold $ 50.000 Payment of dividends 3,000 Other operating expenses $ 11.000 Proceeds from issuance of stock $ 71,000 Depreciation expense $ 21,000 Purchase of treasury stock $11,000 Purchase of equipment with cash $ 121,000 Proceeds from sale of land. Payment of long-torm note payable $ 15,000 Increase in current assets S 20.000 Salos rovenue $ 19,000 Decrease in current liabilitios $ 8,000 $ 10,000 other than casti Print Done %24