The accounting records of Princeton Pharmaceuticals, Inc., reveal the following: E (Click the icon to view the accounting records.) Requirement Compute cash flows from operating activities by the direct method. Also evaluate Princeton's operating cash flow. Give the reason for your evaluation. Start by completing the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted, for payments, and for a net decrease in cash.) Cash flows from operating activities: Receipts: Collection of dividend revenue 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. The operating cash flow is This is shown by the O Accounting records Payment of salaries Net income 50,000 $ 32,000 Payment of income tax and wages 18,000 Depreciation expense 19,000 Collection of dividend Decrease in current 12,000 revenue 25,000 Payment of interest liabilities 13,000 37,000 Decrease in current assets Cash sales 1,000 other than cash 35,000 Gain on sale of land Payment of dividends 13,000 Acquisition of land with cash 42,000 ...... .... Collection of accounts Payment of accounts 55,000 receivable 60,000 payable