E17-6 The accounting records of TaiRong Corporation reveal the following at its year- end July 31, 2020: Acquisition of land $444,000 Loss on sale of land $80,000 Amortization 156,000 Net income 288.000 Cash sales 109,000 576,000 Payment of accounts payable Collection of accounts receivable 1.116,000 Payment of dividends 84.000 Collection of dividend revenue 108,000 Payment of income tax 98.000 Decrease in current liabilities 276,000 Payment of interest 192.000 252,000 Payment of salaries 432,000 Increase in current assets other than cash Required 1. Compute cash flows from operating activities by the indirect method. 2. Evaluate TaiRong Corporation's operating cash flows as being either strong or weak. 3 Computing cash flows from operating activities-indirect method Cash outflows from operating activities, $(24,000)