The accounting records of Elite, Inc., reveal:

$($Click the icon to view the data.$)$

Requirements

Compute cash flows from operating activities using the indirect method.

Evaluate the operating cash flow of Elite, Inc. Give the reason$($s$)$ for your evaluation.

Requirement $1.$ Compute cash flows from operating activities using the indirect method. $($Use parentheses or a minus sign for numbers to be subtracted.$)$

Requirement $2.$ Evaluate the operating cash flow of Elite, Inc. Give the reason$($s$)$ for your evaluation.

Operating cash flow is $,$ as shown by the $$ operating activities.

Data table

$\backslash$table$[[$Net income.............................,$30,000],[$Depreciation expense. $.,10,000],[$Sales revenue. $....,21,000],[$Decrease in current liabilities $...,19,000],[$Loss on sale of land. $..,7,000],[$Increase in current assets other than Cash.,$18,000],[$Acquisition of land.,$38,000]]$