Exercise 23-6 Sheffield Company's income statement for the year ended December 31, 2017, contained the following condensed information. Service revenue $836,000 Operating expenses (excluding depreciation) enses (excluding depreciation) $626,000 Depreciation expense 60,000 Loss on sale of equipment 26,000 712,000 Income before income taxes 124,000 Income tax expense 40,000 Net income $84,000 Sheffield's balance sheet contained the following comparative data at December 31. Accounts receivable Accounts payable Income taxes payable 2017 $38,000 41,000 4,100 2016 $53,000 30,000 8,400 (Accounts payable pertains to operating expenses.) Prepare the operating activities section of the statement of cash flows using the indirect method. (Show amounts that decreas or in parenthesis e.g. (15,000).) SHEFFIELD COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31, 2017 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation expense Loss on Sale of Equipment Decrease in Accounts Receivable Increase in Accounts Payable Decrease in Income Taxes Payable Net Cash Provided by Operating Activities