Blue Companys income statement for the year ended December 31, 2020, contained the following condensed information.

Service revenue				$845,000
Operating expenses (excluding depreciation)		$620,000
Depreciation expense		61,000
Loss on sale of equipment		26,000		707,000
Income before income taxes				138,000
Income tax expense				41,000
Net income				$97,000

Blues balance sheet contained the following comparative data at December 31.

		2020		2019
Accounts receivable		$39,000		$56,000
Accounts payable		39,000		33,000
Income taxes payable		4,100		8,400

(Accounts payable pertains to operating expenses.) Prepare the operating activities section of the statement of cash flows using the direct method.

BLUE COMPANY Statement of Cash Flows (Partial) choose the accounting period December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020
select an opening section name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
select an item Cash Receipts from CustomersIncrease in Accounts PayableIncrease in InventoryIncrease in Accounts ReceivableDecrease in Accounts ReceivableCash Payments for Operating ExpensesDecrease in InventoryDecrease in Accounts PayableInterest PaidDividends ReceivedCash Payments for Income TaxesTaxes Paid		$enter a dollar amount
select an item Interest PaidDividends ReceivedIncrease in Accounts PayableCash Payments for Operating ExpensesIncrease in InventoryTaxes PaidIncrease in Accounts ReceivableCash Payments for Income TaxesDecrease in Accounts ReceivableDecrease in Accounts PayableCash Receipts from CustomersDecrease in Inventory	$enter a dollar amount
select an item Cash Payments for Operating ExpensesCash Payments for Income TaxesIncrease in Accounts PayableDecrease in Accounts PayableInterest PaidIncrease in Accounts ReceivableTaxes PaidDecrease in Accounts ReceivableDecrease in InventoryCash Receipts from CustomersIncrease in InventoryDividends Received	enter a dollar amount
		enter a subtotal of the two previous amounts
select a closing section name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash		$enter a total amount for the section