Question 21 2pts Thanos Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31. Year 4. Thanos Company reports the following information Income Statement 420.000 312.000 Service revenue Operating expenses (excluding depreciation) Depreciation expense Loss on sale of equipment Income before income taxes 30.000 13.000 355.000 Income tax expense 65,000 20.000 Net income 45.000 Balance Sheet Year 4 Year 3 Accounts receivable Accounts payable Income taxes payable 18.500 20.500 2,000 27.000 15,500 4.250 What is the amount of cash payments for operating expenses reported by Thanos Company for the year ended December 31. Year 4? $317.000 $307,000 $312.000 $319,000