Problem 17-05A Zumbrunn Company's income statement contained the following condensed information. $969,000 ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2020 Service revenue Operating expenses, excluding depreciation $623,000 Depreciation expense 54,000 Loss on disposal of plant assets 24,000 Income before income taxes 701,000 268,000 39,000 Income tax expense Net income $229,000 Zumbrunn's balance sheets contained the comparative data at December 31, shown below. Accounts receivable Accounts payable Income taxes payable 2020 $74,000 40,000 12,000 2019 $59,000 27,000 6,000 Accounts payable pertain 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).) 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).) ZUMBRUNN COMPANY Partial Statement of Cash Flows $ Adjustments to reconcile net income to $ $ Click if you would like to Show Work for this question: Open Show Work