Bridgeport Company's income statement for the year ended December 31, 2020, contained the following condensed information. Service revenue $848,000 Operating expenses (excluding depreciation) $618,000 Depreciation expense 59,000 Loss on sale of equipment. 25,000 702,000 Income before income taxes Income tax expense Net income 146,000 40,000 $106,000 Bridgeport's balance sheet contained the following comparative data at December 31. 2020 2019 Accounts receivable $39,000 $57,000 Accounts payable 39,000 32,000 Income taxes payable 4,200 8,900 (Accounts payable pertains to operating expenses.) Prepare the operating activities section of the statement of cash flows using the direct method.