Kingbird Company's income statement for the year ended December 31, 2025, contained the following condensed information. Service revenue $844,000 Operating expenses (excluding depreciation) $628,000 Depreciation expense 60,000 Loss on sale of equipment 26,000 714,000 Income before income taxes Income tax expense Net income 130,000 40,000 $90,000 Kingbird's balance sheet contained the following comparative data at December 31. 2025 2024 Accounts receivable $37,000 $56,000 Accounts payable 43,000 29,000 Income taxes payable 4,000 8,100 (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).) KINGBIRD COMPANY Partial Statement of Cash Flows