EricsonCorporation has the following activities for the past​ year:

Ericson  Corporation has the following activities for the past  year:

 Net income

. . . . . . . . . . . . . . . . . . . . .

$ ?

 

Cost of goods sold. . . . . . . . . . . . . .

$49,000

Payment of dividends. . . . . . . . . . . .

$6,000

 

Other operating expenses. . . . . . . .

$14,000

Proceeds from issuance of stock. . .

$73,000

 

Depreciation expense. . . . . . . . . . . .

$20,000

Purchase of treasury stock. . . . . . . .

$13,000

 

Purchase of equipment with cash. . .

$26,000

Sales revenue. . . . . . . . . . . . . . . . . .

$124,000

 

Proceeds from sale of land. . . . . . . .

$19,000

Payment of long-term note payable.

$13,000

Increase in current assets

 

Decrease in current liabilities. . . . . .

$9,000

 

other than cash. . . . . . . . . . . . . .

$6,000

Requirement

Prepare the operating activities section of Ericson Corporation's statement of cash flows for the year ended December  31, using the indirect method for operating cash flows. ​(Use parentheses or a minus sign for numbers to be  subtracted.)

Ericson Corporation

Statement of Cash Flows—Operating Activities Section (Indirect Method)

For the Year Ended December 31

Operating Activities:

Net income

$41,000

Adjustments to reconcile net income to cash basis

Depreciation expense

$20,000

Increase in current assets other than cash

(6,000)

Decrease in current liabilities

(9,000)

5,000

Net cash provided by (used for) operating activities

46,000