Using the data given in E13-15A, prepare statement of cash flows for Ericson Corporation for the year. Ericson Corporation uses the indirect method for operating activities.

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Cost of goods sold. Other operating expenses. Depreciation expense Purchase of equipment with cash Proceeds from sale of land Net income... $ 49,000 Payment of dividends. Proceeds from issuance of stock. $ 6,000 $ 14,000 $ 73,000 $ 20,000 Purchase of treasury stock Sales revenue $ 13,000 $ 26,000 $124,000 $ 19,000 Payment of long-term note payable. Increase in current assets other than cash .. $ 6,000 $ 13,000 $ 9,000 Decrease in current liabilities