E17-4 Analysis of the accounting records of Meister Corporation reveals the following: Collection of accounts receivable. $128,000 Payment of salaries and wages.. 34,000 Increase in current assets other than cash. Payment of dividends $17,000 7,000 Depreciation.... 12,000 Cash sales..... 15,000 Decrease in current liabilities. 23.000 Loss on sale of land. 5,000 Collection of dividend revenue.. 1.000 Acquisition of land 37.000 Payment of interest. 16,000 Payment of accounts payable 48,000 Net income.. 21,000 Payment of income tax.. 13,000 Required Compute cash flows from operating activities by the direct method. Use the format of the operating section of Exhibit 17-2 (page 657). Evaluate the operating cash flow of Meister Corporation. Give the reason for your evaluation.