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The accounting records of Pepperell Pharmaceuticals, Inc., reveal the following: (Click the icon to view the accounting records.) Requirement 1. Prepare cash flows from operating activities using the direct method. Also evaluate Pepperell's operating cash fl - X Data table Start by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subt Payment of salaries Net income $ 40,000 and wages 11,000 Cash flows from operating activities: Receipts: $ 30,000 Payment of income tax 18,000 Collection of dividend Depreciation expense Increase in current revenue 16,000 19,000 liabilities 26,000 Payment of interest Total cash receipts Increase in current assets Cash sales 20,000 Payments: other than cash 30,000 Loss on sale of land 10,000 Payment of dividends 35,000 Collection of accounts 13,000 Acquisition of land with cash Payment of accounts 60,000 payable receivable 55,000 Total cash payments Net cash provided by used for) operating activities Print Done Help me solve this Demodocs example Get more help A icar un Check