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Williams Corporation accountants have assembled the following data for the year ended June 30, 2020:

Net income .......................................................................................... $? Cost of goods sold .............................................................................. $116,000 Payment of dividends ......................................................................... 6,100 Other operating expenses .................................................................. 34,000 Proceeds from the issuance of common shares ................................ 18,000 Purchase of equipment with cash ...................................................... 42,000 Sales revenue .................................................................................... 225,000 Increase in current liabilities ............................................................... 10,000 Increase in current assets other than cash ........................................ 29,000 Payment of note payable .................................................................... 30,000 Proceeds from sale of land ................................................................. 27,000 Repurchase of common shares .......................................................... 7,000 Depreciation expense ......................................................................... 5,000 Prepare Williams Corporations statement of cash flows for the year ended June 30, 2020. Williams uses the indirect method for operating activities.

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