The accounting records of Princeton 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 Princeton'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: Data table Total cash receipts Payments: Total cash payments Net cash provided by (used for) operating activities Evaluate Princeton's operating cash flow. Give the reason for your evaluation. Payment of salaries and wages Depreciation expense Increase in current liabilities Increase in current assets other than cash Payment of dividends Collection of accounts receivable Net income $ 38,000 Payment of income tax 26,000 Collection of dividend revenue 25,000 Payment of interest Cash sales $ 26,000 24,000 7,000 13,000 20,000 28,000 Gain on sale of land 8,000 5,000 Acquisition of land with cash Payment of accounts 35,000 95,000 payable 55,000 The operating cash flow is This is shown by the Print Done