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Q R E11-29B. (Learning Objective 3: Computing cash flows from operating activities-indirect method) The accounting records of Central Distributors, Inc., reveal the following: LO wri

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Q R E11-29B. (Learning Objective 3: Computing cash flows from operating activities-indirect method) The accounting records of Central Distributors, Inc., reveal the following: LO wri Net income.... Collection of dividend revenue.......... Payment of interest.... Sales revenue..... Loss on sale of land Acquisition of land 16,000 24,000 41,000 6,800 15,000 13,000 18,000 44,000 Depreciation... Increase in current liabilities. Decrease in current assets other than cash Payment of dividends Payment of income tax.. 29,000 7,100 12,000 Requirement 1. Compute cash flows from operating activities by the indirect method. Use the format of the operating activities section of Exhibit 11-6. Also evaluate the operating cash flow of Central Distributors. Give the reason for your evaluation

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