Buffalo Company's income statement for the year ended December 31, 2017, contained the following conderised information Buttalo Company's income statement for the year ended December 31, 2017, contained the following condensed Information. Service revenue $846,000 Opcrating expenses (exduding depreclation) 5630,000 Service revenue Operating expenses (excluding depreciation) Depreclation expense Lass on sale of equipment Income before Income taxes Income tax expense Net income B4G,00o 61,000 $630,000 61,000 Loss on sale of equipment Income belore income taxes Income tax expense Net income 27.000 718,000 128,000 4D,000 $88,000 27,000 718,00o 128,000 40,000 $88,000 Buffalo's balancc shect contained the following comparative data at December 31. 2017 2016 Buttalo's balance sheet contained the following comparative data at December 31. Accounts receivable $35,000 42,000 3,900 557,000 30,000 8,700 2017 2016 Accounts payable Income taxes payable $35,000 42,000 O0 Accounts recelvable Accounts payable Income taxes payable $57,000 30,000 8,700 Accounts payable pertains to operating expenses.) Prepare the operating activities section of the statement of cash tlows using the indirect method. (Show amounts that decrease cash flow with elther a - sign e.g. -15,000 or In parenthesis e.g. (15,000).) Accourits payable pertains to operating expenses.) Preparc the opcrating activities section of the statement of cash flows using the indirect method, (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) BUFFALO COMPANY Statement of Cash Flows (Partial) BUFFALO COMPANY Statement of Cash Flows (Partial) Adjustments to reconcile net income to Adjustments to reconcile net income to