The accounting records of System Corporation reveal the following at its year-end July 31, 2020: E: (Click the icon to view the accounting records.) Required 1. Compute cash flows from operating activities by the indirect method. 2. Evaluate System 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 sign or parentheses for numbers to be subtracted or for cash outflows.) System Corporation Cash Flow Statement (partial) For the Year Ended July 31, 2020 Cash flows from operating activities Data Table - X Add (subtract) items that affect net income and cash flow differently: Acquisition of land. Amortization 465,000 Increase in current assets 156,000 other than cash $ 290,000 Cash sales 108,000 Loss on sale of land. 70,000 Collection of accounts Net income 305,000 receivable Collection of dividend 600,000 100.000 Net cash flow from operating activities Requirement 2. Evaluate System Corporation's operating cash flows as being either strong or weak. revenue 1,120,000 Payment of accounts payable Payment of dividends 115,000 Payment of income tax Payment of interest 280,000 Payment of salaries 110,000 194,000 The operating cash flows are Decrease in current liabilities 475,000 Print Done