Data table Net income. Depreciation expense. Sales revenue... 69 $ 35,000 3,000 15,000 Decrease in current liabilities.... 28,000 Loss on sale of land.....I.... 10,000 Increase in current assets other than Cash...... 12,000 Acquisition of land.. 38,000 The accounting records of Elite, Inc., reveal: (Click the icon to view the data.) Requirements 1. Compute cash flows from operating activities using the indirect method. 2. Evaluate the operating cash flow of Elite, Inc. Give the reason(s) for your evaluation. 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 Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities: