Pronghorn Company's income statement for the year ended December 31, 2020, contained the following condensed information. $847,000 $ 629,000 Service revenue Operating expenses (excluding depreciation) Depreciation expense Loss on sale of equipment Income before income taxes 60,000 26,000 715,000 132,000 Income tax expense 41.000 Net income $91,000 Pronghorn's balance sheet contained the following comparative data at December 31. 2020 2019 $ 35,000 $53,000 Accounts receivable Accounts payable 42.000 30,000 Income taxes payable 4,100 8,800