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Buffalo Company's income statement for the year ended December 31, 2020, contained the following condensed information, Service revenue $834.000 Operating expenses excluding depreciation) $621,000 Depreciation

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Buffalo Company's income statement for the year ended December 31, 2020, contained the following condensed information, Service revenue $834.000 Operating expenses excluding depreciation) $621,000 Depreciation expense 80.000 Loss on sale of equipment 26,000 707.000 Income before income taxes 127.000 Income tax expense 41.000 Net Income $86,000 Buffalo's balance sheet contained the following comparative data at December 31 2020 2019 Accounts receivable $39.000 $56,000 40,000 30,000 Accounts payable Income taxes payable 4.200 3.700 Accounts payable pertains to operating experies) Prepare the operating activities section of the statement of cash flows using the Indirect method. Show amounts that decrease cash flow with either os 15.000 or in parentheses (5.000 BUFFALO COMPANY Statement of Cash Flows (Partial) For the Yeded December 2000 Cell Power Operating Artis Adjustments to reconcile net income to

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