Requirement 1. Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Cash flows from operating activities: (1) Adjustments to reconcile net income to net cash provided by (used for) operating activities: (2) (3) (4) (5) Net cash provided by (used for) operating activities Requirement 2. Evaluate the operating cash flow of South Central Corporation. Explain. Operating cash flow is (6). 1: Data Table , as shown by the (7) cash flows from operating activities. Net income $ 13,000 Depreciation expense 12,000 Collection of dividend revenue Payment of interest Sales revenue 7,800 Decrease in current liabilities 13,000 Increase in current assets 190,000 6,000 other than cash 28,000 Loss on sale of land 19,000 Payment of dividends 7,100 Acquisition of land with cash 39,000 Payment of income tax 5,000