Exercise 23-6 Blue Company's income statement for the year ended December 31, 2017, contained the following condensed information. Service revenue Operating expenses (excluding depreciation) $620,000 Depreciation expense Loss on sale of equipment Income before income taxes Income tax expense Net income $831,000 60,000 . 26,000 706,000 125,000 40,000 $85,000 Blue's balance sheet contained the following comparative data at December 31. 2017 2016 Accounts receivable Accounts payable Income taxes payable $37,000 41,000 4,100 $52,000 31,000 8,500 (Accounts payable pertains to operating expenses.) Prepare the operating 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).) BLUE COMPANY Statement of Cash Flows (Partial)