- Data Table $ 50,000 Net income $ 35,000 Payment of income tax 26,000 Collection of dividend 18,000 revenue Payment of salaries and wages Depreciation expense Increase in current liabilities Decrease in current assets other than cash Payment of dividends Collection of accounts receivable 20,000 Payment of interest Cash sales 21,000 Loss on sale of land 6,000 Acquisition of land with cash Payment of accounts 95,000 payable 7,000 13,000 25,000 4,000 33,000 51,000 Print Done The accounting records of Value Pharmaceuticals, Inc., reveal the following: E: (Click the icon to view the accounting records.) Requirement 1. Prepare cash flows from operating activities using the direct method. Also evaluate Value's operating cash flow. Give the rationale for your evaluation. Start by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Cash flows from operating activities: Receipts: Total cash receipts Payments: Total cash payments Net cash provided by (used for) operating activities Evaluate Value's operating cash flow. Give the reason for your evaluation. The operating cash flow is This is shown by the