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could someone elabrorate on how to find those numbers? Thanks Requirement 1. Compute cash flows from operating activities using the indirect method. (Use parentheses or

could someone elabrorate on how to find those numbers? Thanks image text in transcribed
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Requirement 1. Compute cash flows from operating activities using the indirect method. (Use parentheses or a minus sign for numbers to be subtracted.) Cash flows from operating activities: Net income $ 35,000 Adjustments to reconcile net income to net cash provided by (used for) operating activities: Depreciation expense 7,000 Loss on sale of land 6,000 Decrease in current liabilities (21,000) Increase in current assets other than cash (21,000) (29,000) Net cash provided by (used for) operating activities 6,000 Requirement 2. Evaluate the operating cash flow of Star, Inc. Give the reason(s) for your evaluation $ Operating cash flow is as shown by the operating activities. Data Table Net income. $ 35,000 Depreciation expense. 7,000 Sales revenue..... 8,000 Decrease in current liabilities. 21,000 6,000 Loss on sale of land... Increase in current assets other than Cash ... 21,000 Acquisition of land. 38,000

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