Pina Companys income statement for the year ended December 31, 2020, contained the following condensed information.

Service revenue				$847,000
Operating expenses (excluding depreciation)		$629,000
Depreciation expense		60,000
Loss on sale of equipment		26,000		715,000
Income before income taxes				132,000
Income tax expense				41,000
Net income				$91,000

Pinas balance sheet contained the following comparative data at December 31.

		2020		2019
Accounts receivable		$35,000		$53,000
Accounts payable		42,000		30,000
Income taxes payable		4,100		8,800

(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).)

PINA COMPANY Statement of Cash Flows (Partial) December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Decrease in Income Taxes PayableIncrease in Accounts PayableLoss on Sale of EquipmentDecrease in Accounts PayableNet IncomeIncrease in Accounts ReceivableDecrease in Accounts ReceivableGain on Sale of EquipmentIncrease in Income Taxes PayableDepreciation Expense		$
Adjustments to reconcile net income to
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Increase in Accounts PayableIncrease in Income Taxes PayableGain on Sale of EquipmentNet IncomeIncrease in Accounts ReceivableDecrease in Accounts ReceivableDecrease in Income Taxes PayableDecrease in Accounts PayableLoss on Sale of EquipmentDepreciation Expense	$
Loss on Sale of EquipmentDecrease in Accounts PayableDecrease in Accounts ReceivableDepreciation ExpenseDecrease in Income Taxes PayableIncrease in Accounts ReceivableIncrease in Income Taxes PayableGain on Sale of EquipmentIncrease in Accounts PayableNet Income
Gain on Sale of EquipmentDepreciation ExpenseDecrease in Accounts ReceivableDecrease in Income Taxes PayableIncrease in Income Taxes PayableIncrease in Accounts ReceivableIncrease in Accounts PayableDecrease in Accounts PayableLoss on Sale of EquipmentNet Income
Depreciation ExpenseLoss on Sale of EquipmentIncrease in Income Taxes PayableDecrease in Accounts PayableDecrease in Income Taxes PayableGain on Sale of EquipmentDecrease in Accounts ReceivableIncrease in Accounts ReceivableIncrease in Accounts PayableNet Income
Loss on Sale of EquipmentNet IncomeIncrease in Accounts ReceivableDecrease in Accounts PayableGain on Sale of EquipmentIncrease in Income Taxes PayableDecrease in Income Taxes PayableIncrease in Accounts PayableDepreciation ExpenseDecrease in Accounts Receivable
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash		$