Problem 17-06A Zumbrunn Company's income statement contained the following condensed information. ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2020 $971,600 Service revenue Operating expenses, excluding depreciation Depreciation expense Loss on disposal of plant assets Income before income taxes Income tax expense Net income $623,000 56,000 24,700 703,700 267,900 39,300 $228,600 Zumbrunn's balance sheets contained the comparative data at December 31, shown below. 2019 Accounts receivable Accounts payable Income taxes payable 2020 $74,900 40,100 11,800 $59,700 28,400 6,300 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