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Help please!!! ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2020 Service mvenue $971,600 Operating expenses, excluding depreciation $623,000 Depreciation expense 56,000 Loss

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ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2020 Service mvenue $971,600 Operating expenses, excluding depreciation $623,000 Depreciation expense 56,000 Loss on disposal ol plant assets 24,700 703,700 Income before income taxes 257,900 Income tax expense 39,300 Net income $226,600 Zumbrunn's balance sheets contained the comparative date at December 31, shown below. 2020 2015 Accounts receivable $74,900 $59, 700 Accounts payable 40,100 28,400 Income taxes payable 11,800 6,300 Accounts payable pertain to operating expenses. Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a - sign a.g. -15,000 or in parenthesis e.g. (15,0 ZUMBRUNN COMPANY Partial Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Cash Receipts from Customers 1,031,300 cash payments: For Operating Expenses 612300 For Income Taxes 33100 645400 Not Cash Provided by Operating Artivities 385900 Click If you would like to Show Work for this question: Open Show Work

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