Culver Corp.$\text{'}$s income statement for the year ended December $31,2023,$ had the following condensed information:

Service revenue

$$776,100$

There were no purchases or sales of trading $($FV$-$NI$)$ investments during $2023.$

Culver's statement of financial position included the following comparative data at December $31$:

$($a$)$

Prepare the operating activities section of the statement of cash flows using the direct method. $($Show amounts that decrease cash

flow with either a negative sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$

Culver Corp.

Partial Statement of Cash Flows $($Direct Method$)$