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*Problem 13-5A Zumbrunn Company's income statement contained the condensed information below ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2015 $970,960 Service revenue Operating expenses, excluding depreciation Depreciation expense Loss on disposal of equipment Income before income taxes Income tax expense Net income $623,270 60,910 16,900 01,080 269,880 39,360 $230,520 Zumbrunn's balance sheet contained the comparative data at December 31, shown below Accounts receivable Accounts payable Income taxes payable 2015 $75,980 41,540 11,020 2014 $60,160 27,930 7,780 Accounts payable pertain to operating expenses