Question 7 Flint Company's income statement for the year ended December 31, 2017, contained the following condensed information. Service revenue Operating expenses (excluding depreciation) $630,000 Depreciation expense Loss on sale of equipment Income before income taxes Income tax expense Net income $846,000 61,000 27,000 718,000 128,000 40,000 $88,000 Flint's balance sheet contained the following comparative data at December 31. 2017 2016 Accounts receivable Accounts payable Income taxes payable 35,000 42,000 3,900 $57,000 30,000 8,700 Accounts payable pertains to operating expenses.) CALCULATOR MENT RESOURCES CPro #1 stion 1 stion 2 stion 3 stion 4 stion 5 stion 6 2017 2016 Accounts recelvable Accounts payable Income taxes payable $35,000 42,000 3,900 $57,000 0,000 8,700 (Accounts payable pertains to operating expenses.) Prepare the operating activities section of the statement of cash flows using the direct method. estion 8 FLINT COMPANY Statement of Cash Flows (Partial) w Score Click if you would like to Show Work for this question: Open Show Work