Problem 13-6A Zumbrunn Company's income statement contained the condensed information below ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2017 Service revenue Operating expenses, excluding deprion $623,200 Depreciation expense Loss on disposal of equipment Income before income taxes Income tax expense Net income $971,100 55,700 25,000703,900 267,200 40,600 Zumbrunn's balance sheet contained the comparative data at December 31, shown below 2017 2016 Accounts receivable Accounts payable Income taxes payable $74,500 40,500 10,200 $60,700 28,900 6,700 Accounts payable pertain to operating expenses. Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000)) ZUMBRUNN COMPANY Partial Statement of Cash Flows cash payments