Sage Company's income statement for the year ended December 31, 2020, contained the following condensed information. $837,000 Service revenue $621,000 Operating expenses (excluding depreciation) Depreciation expense 60,000 25,000 706,000 Loss on sale of equipment 131,000 Income before income taxes 40,000 Income tax expense $91,000 Net income Sage's balance sheet contained the following comparative data at December 31 2020 2019 $36,000 $55,000 42,000 Accounts receivable 31,000 Accounts payable Income taxes payable 4,000 8,200 (Accounts payable pertains to operating expenses.) Prepare the operating activities section of the statement of cash flows using the direct method SAGE COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31, 2020 Cash Flows from Operating Activities Cash Receipts from Customers $ Cash Payments for Income Taxes Cash Payments for Operating Expenses Net Cash Provided by Operating Activities