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

Service revenue				$841,000
Operating expenses (excluding depreciation)		$624,000
Depreciation expense		59,000
Loss on sale of equipment		25,000		708,000
Income before income taxes				133,000
Income tax expense				40,000
Net income				$93,000

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

		2020		2019
Accounts receivable		$35,000		$53,000
Accounts payable		41,000		31,000
Income taxes payable		3,800		8,000

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

CORONADO COMPANY Statement of Cash Flows (Partial) choose the accounting periodDecember 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020 December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020
select an opening section nameCash 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 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 itemCash Payments for Operating ExpensesDecrease in Accounts PayableInterest PaidIncrease in Accounts PayableIncrease in Accounts ReceivableTaxes PaidDecrease in InventoryDecrease in Accounts ReceivableCash Receipts from CustomersCash Payments for Income TaxesIncrease in InventoryDividends Received Cash Receipts from CustomersCash Payments for Income TaxesCash Payments for Operating ExpensesIncrease in InventoryDecrease in InventoryIncrease in Accounts ReceivableDecrease in Accounts ReceivableIncrease in Accounts PayableDecrease in Accounts PayableDividends ReceivedTaxes PaidInterest Paid		$enter a dollar amount
select an itemCash Payments for Operating ExpensesDecrease in InventoryInterest PaidIncrease in InventoryDividends ReceivedTaxes PaidCash Receipts from CustomersIncrease in Accounts PayableDecrease in Accounts PayableCash Payments for Income TaxesDecrease in Accounts ReceivableIncrease in Accounts Receivable Cash Receipts from CustomersCash Payments for Income TaxesCash Payments for Operating ExpensesIncrease in InventoryDecrease in InventoryIncrease in Accounts ReceivableDecrease in Accounts ReceivableIncrease in Accounts PayableDecrease in Accounts PayableDividends ReceivedTaxes PaidInterest Paid	$enter a dollar amount
select an itemInterest PaidDecrease in Accounts PayableCash Payments for Income TaxesDividends ReceivedIncrease in Accounts PayableCash Receipts from CustomersTaxes PaidCash Payments for Operating ExpensesIncrease in Accounts ReceivableDecrease in Accounts ReceivableIncrease in InventoryDecrease in Inventory Cash Receipts from CustomersCash Payments for Income TaxesCash Payments for Operating ExpensesIncrease in InventoryDecrease in InventoryIncrease in Accounts ReceivableDecrease in Accounts ReceivableIncrease in Accounts PayableDecrease in Accounts PayableDividends ReceivedTaxes PaidInterest Paid	enter a dollar amount
		enter a subtotal of the two previous amounts
select a closing section nameCash 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 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