3. The income statement of Meaney Inc. for the year ended December 31, 2014, reported the following condensed information: Service revenue.... 600,000 Operating expenses. 360,000 Profit from operations 240,000 Income tax expense. 60.000 Profit........ $180.000 Meaney's balance sheet contained the following comparative data at December 31: 2014 2013 Accounts receivable. $50.000 $65.000 Accounts payable 35.000 30.000 Income taxes payable.. 1,000 3,000 Meaney has no depreciable assets. Accounts payable pertains to operating expenses. Instructions Prepare the operating activities section of the cash flow statement, using the direct method