Learning Objective 3: Compute cash flows from operating activitiesindirect method) The accounting records of South Central Distributors, Inc., reveal the following: Net income $ 42,000 Collection of dividend revenue 7,100 Payment of interest 12,000 Sales revenue 307,000 Gain on sale of land 26,000 Acquisition of land 35,000 Depreciation $ 6,000 Decrease in current liabilities 25,000 Increase in current assets other than cash 29,000 Payment of dividends 7,700 Payment of income tax 14,000 Requirement 1. Compute cash flows from operating activities by the indirect method. Use the format of the operating activities section of Exhibit 12-6. Also evaluate the operating cash flow of South Central Distributors. Give the reason for your evaluation.