Using the data given in E13-25B, prepare the statement of cash flows for Thompson Corporation for the year. The company uses the indirect method for operating activities.

Cost of goods sold. Other operating expenses. Depreciation expense Purchase of equipment with cash. Proceeds from sale of land.. Increase in current assets other than cash. Net income... 24 $53,000 Payment of dividends. Proceeds from issuance of stock. Purchase of treasury stock Sales revenue Payment of long-term note payable. Decrease in current liabilities $ 8,000 $ 79,000 $ 16,000 $118,000 $13,000 $22,000 $28,000 $23,000 $ 7,000 $ 11,000 $ 6,000