The accounting records of Provence Corporation reveal the following at its year-end July 31, 2020 (Click the icon to view the accounting records.) Required 1 Compute cash flows from operating activities by the indirect method 2. Evaluate Provence Corporation's operating cash flows as being either strong or weak Requirement 1. Complete the operating activities section of the cash flow statement using the indirect method (Use minus Provence Corporation Cash Flow Statement (partial) For the Year Ended July 31 2020 Cash flows from operating activities Add (subtract) items that affect net income and cash flow differently Net cash flow from operating activities Requirement 2. Evaluate Provence Corporation's operating cash flows as being either strong or weak The operating cash flows are Acquisition of land. 460,000 Increase in current assets Amortization Cash sales Collection of accounts receivable Collection of dividend revenue Decrease in current liabilities 156,000 other than cash $ 252,000 120,000 Loss on sale of land. 85,000 Net income. 290,000 1,135,000 Payment of accounts payable 576,000 Payment of dividends 100,000 135,000 Payment of income tax 108,000 Payment of interest 202,000 285,000 Payment of salaries 455.000 was being eines strong or weak Print Done