Sarasota Company's income statement for the year ended December 31, 2020, contained the following condensed information. Service revenue $842,000 Operating expenses (excluding depreciation) $618,000 59,000 Depreciation expense Loss on sale of equipment 25,000 702,000 Indome before income taxes 140,000 Income tax expense 41,000 Net income $99,000 Sarasota's balance sheet contained the following comparative data at December 31. 2020 2019 Accounts receivable Accounts payable Income taxes payable $38,000 $53,000 42,000 33,000 3.900 8,700 (Accounts payable pertains to operating expenses.) Prepare the operating activities section of the statement of cash flows using the direct method (Accounts payable pertains to operating expenses.) Prepare the operating activities section of the statement of cash flows using the direct method. SARASOTA COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31, 2020 Cash Flows from Operating Activities Cash Receipts from Customers 857000 Cash Payments for Operating Expenses 609000 248000 45800 Net Cash Provided by Operating Activities 199500 e Textbook and Media Save for Later Attempts: 3 of 10 used