E11-17A (similar to) Qurstion Help The accounting records of South East Corporatiori reveal the folowing: Click the icon to view the data table) Read the requirements Requirement 1. Prepare the cash fons from operating sc. Mites section of the statement of cash flows using the vidirect method. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in caeh.) Cash flows from operating activities: Adjustments to concile not income ta net cash provided by (used for operating achitas: i Data Table 11,000 15.000 Net cash provided by (used for operating activities Net income ........ .....$ Collection of dividend revenue .. Payment of interest. .......... Sales revenue Gain on sale of land .......... Acquisition of land with cash ... 13,000 Depreciation expense......... $ 7,000 Increase in current liabilities ... 14,000 Decrease in current assets 201,000 other than cesh 27,000 Payment of dividende ........ 41,000 Payment of income tax ........ 28.000 7.000 17.000 Requirements Print Done 1. Prepare the cash flows from operating activities section of the statement af cash News using the vicinc method. 2. Evaluate the operating cash flow of South East Corporation. Explain. Print Done