S11-7. (Learning Objective 3: Computing operating cash flows-indirect method) Ether Corporation accountants have assembled the following data for the year ended June 30, 20X6. Net income Payment of dividends. Proceeds from the issuance of shares.. Sales revenue ............. Decrease in current assets other than cash.. Purchase of treasury shares ....... Cost of goods sold..... Other operating expenses......... Purchase of equipment... Increase in current liabilities..... Payment of note payable .......... Proceeds from sale of land........ Depreciation expense ............. $117,000 34,000 44,000 8,000 32,000 29,000 12,000 230,000 0 Prepare the operating activities section of Ether's statement of cash flows for the year ended June 30, 20X6. Ether uses the indirect method for operating cash flows