Question 5, E11-33B (similar to) = Homework: Extra Credit Homework - Chapter 11 < > Part 1 of 2 HW Score: 18.46%, 3.69 of 20 points Points: 0 of 4 Save The accounting records of Pepperell Pharmaceuticals, Inc., reveal the following: (Click the icon to view the accounting records.) Requirement 1. Prepare cash flows from operating activities using the direct method. Also evaluate Pepperell's operating cash flow. Give the rationale for your evaluation. Data table Start by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be Cash flows from operating activities: Receipts: Total cash receipts Payments: Total cash payments Net cash provided by (used for) operating activities Help me solve this Demodocs example Get more help Payment of salaries and wages Depreciation expense Increase in current liabilities Increase in current assets other than cash Payment of dividends Collection of accounts receivable Net income $ 30,000 Payment of income tax 18,000 Collection of dividend revenue 26,000 Payment of interest $ 40,000 11,000 16,000 19,000 Cash sales 20,000 30,000 Loss on sale of land 10,000 13,000 Acquisition of land with cash 35,000 Payment of accounts 60,000 payable 55,000 Print Done - Check answer