Hele Sem Announcements Problem 17-06A Zumbrunn Company's income statement contained the following condensed information. $970,500 ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2020 Service revenue Operating expenses, excluding depreciation $623,400 Depreciation expense 54,500 Loss on disposal of plant assets 25,300 Income before income taxes Income tax expense Net income ady 703,200 267,300 39,600 $227,700 Zumbrunn's balance sheets contained the comparative data at December 31, shown below. 2020 2019 Accounts receivable $75,100 $60,800 Accounts payable 40,600 27,200 Income taxes payable 10,900 7,700 Accounts payable pertain to operating expenses. Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts th ZUMBRUNN COMPANY Partial Statement of Cash Flows cash payments: Click if you would like to show Work for this question: Doen Show Work LINK TO TEXT Type here to search