The accounting records of Iberia Corporation reveal the following:

Compute cash flows from operating activities by the indirect method. Use the format of the operating activities section of Exhibit 17-15 . Then evaluate Iberia Corporation's operating cash flows as strong or weak.

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Acquisition of land.. $ 444,000 Increase in current assets Amortizati Cash sales Collection of accounts 156,000 108,000 other than cas. $252,000 60,000 288,000 Loss on sale of land.... Net income Payment of accounts payable Payment of dividends receivable 1,116,000 84,000 96,000 ....192,000 432,000 Collection of dividend 108,000 Payment of income tax.. revenue Decrease in current Payment of interest liabilities 276,000 Payment of salaries and wages..