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Zumbrunn Companys income statement contained the condensed information below.

ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2017
Service revenue	$970,500
Operating expenses, excluding depreciation	$623,300
Depreciation expense	55,600
Loss on disposal of equipment	25,300	704,200
Income before income taxes	266,300
Income tax expense	40,900
Net income	$225,400

Zumbrunns balance sheet contained the comparative data at December 31, shown below.

2017	2016
Accounts receivable	$75,500	$59,300
Accounts payable	41,000	27,500
Income taxes payable	10,200	7,800

Accounts payable pertain to operating expenses. Prepare the operating activities section of the statement of cash flows using the direct method.

ZUMBRUNN COMPANY Partial Statement of Cash Flows December 31, 2017For the Year Ended December 31, 2017For the Month Ended December 31, 2017EAT_1417087284062_1_8241998817080065
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 Cash23835708_0_31258184697694846_dropdown_86_resp_5
Decrease in Accounts PayableDecrease in Income Taxes PayableIncrease in Accounts PayableFor Income TaxesIncrease in Accounts ReceivableDecrease in Accounts ReceivableIncrease in Income Taxes PayableCash Receipts from CustomersLoss on Sale of EquipmentDepreciation ExpenseFor Operating ExpensesNet Income23835708_0_31258184697694846_dropdown_88_resp_10	$
LessAddresp_2 cash payments:
Decrease in Accounts ReceivableFor Income TaxesNet IncomeCash Receipts from CustomersDecrease in Accounts PayableIncrease in Accounts PayableIncrease in Income Taxes PayableDecrease in Income Taxes PayableLoss on Disposal of EquipmentIncrease in Accounts ReceivableFor Operating ExpensesDepreciation Expense	$
For Income TaxesDecrease in Accounts ReceivableIncrease in Accounts PayableDecrease in Income Taxes PayableLoss on Disposal of EquipmentDepreciation ExpenseCash Receipts from CustomersDecrease in Accounts PayableNet IncomeFor Operating ExpensesIncrease in Income Taxes PayableIncrease 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	$

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