Problem 17-06A Zumbrunn Company's income statement contained the following condensed information ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2020 $970,600 Service revenue Operating expenses, excluding depreciation Depreciation expense Loss on disposal of plant assets Income before income taxes Income tax expense Net income $625,000 55,500 26,000 706,500 264,100 40,800 $223,300 Zumbrunn's balance sheets contained the comparative data at December 31, shown below 2019 2020 $59,500 27,900 6,800 Accounts receivable Accounts payable Income taxes payable $76,000 41,300 10,700 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: Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT