Sage Company's income statement for the year ended December 31, 2025, contained the following condensed information Service revenue Operating expenses (excluding depreciation) $626,000 Depreciation expense Loss on sale of equipment Income before income taxes Income tax expense Net income $848,000 60,000 26,000 712,000 136,000 41,000 $95,000 Sage's balance sheet contained the following comparative data at December 31. 2025 2024 Accounts receivable $37.000 $52,000 Accounts payable 41,000 32,000 Income taxes payable 4,100 8,700 (Accounts payable pertains to operating expenses) Prepare the operating activities section of the statement of cash flows using the direct method. SAGE COMPANY Partial Statement of Cash Flows