The accounting records of Four Seasons 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 Four Seasons's operating cash flow. Give the rationale for your evaluation. Start by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Cash flows from operating activities: Receipts: Total cash receipts Payments: Total cash payments Net cash provided by used for) operating activities Evaluate Four Seasons's operating cash flow. Give the reason for your evaluation. The operating cash flow is . This is shown by the i Data Table 20,000 8,000 Payment of salaries and wages ..................$ Depreciation expense. Decrease in current liabilities Net income...................$ 36,000 Payment of income tax........... 27,000 Collection of dividend revenue 22,000 Payment of interest ............ Cash sales 24,000 Gain on sale of land. 3,000 Acquisition of land with cash .... Payment of accounts 50,000 payable Decrease in current assets other than cash ........ Payment of dividends. Collection of accounts receivable 6,000 18,000 40,000 10,000 34,000 53,000 Print Done