Income Statement For the Year Ended December 31, 2017 $2,871,200 Service revenue Operating expenses, excluding depreciation Depreciation expense Loss on disposal of plant assets Income before inc Income tax expense Net income $1,817,440 162,800 47,360 2,027,600 843,600 165,760 $677,840 Sheridan Company's balance sheet contained the comparative data at December 31 2017 2016 Accounts receivable $207,200 $177,600 Accounts payable 121,360 94,720 Income taxes payable 38,480 20,720 Accounts payable pertain 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).)