Exercise 23-05 Your wer is partially correct. Try again. Coronado Company's income statement for the year anded December 31, 2020, contained the following condensed information $800,000 Operating expenses (eduting depreciation $610,000 59.000 Study Los on sale of equipment Income before income taxes Coronado aline shot contained the following comparative data at December 31. Accounts receivable Accounts partie 2020 38,000 42.000 2019 $56,000 3100% (Accounts payat pertains to operating expenses.) Prepare the operating activities section of the statement of cash flows using the direct method. Statement of Cichow (Partial To the Year Ended December 31, 2020 02120 W o nt Rights Reserved. Dw.son of the Sans HLUTLU 330,00 0,00 Accounts payable 42,000 31,000 Income taxes payable 4,100 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) For the Year Ended December 31, 2020 Cash Rows from Operating Activities TCash Receipts from Customers 857000 Cash Payments for Operating Expenses 'T Cash Payments for Income Taxes T 670000 TNet Cads Provided by Operating Activities 197000 Click if you would like to show Work for this question: Doen Show Work LINK TO TEXT Policy 2000-2020.sht Witsansing, Al Rights Reserved. A Division of lohne Sans Ins