Sheridan Companys income statement contained the following condensed information. SHERIDAN COMPANY Income Statement For the Year Ended December 31, 2022 Service revenue $ 970,600 Operating expenses, excluding depreciation $ 623,400 Depreciation expense 55,300 Loss on disposal of plant assets 25,600 704,300 Income before income taxes 266,300 Income tax expense 40,100 Net income $ 226,200 Sheridans balance sheets contained the comparative data at December 31, shown below. 2022 2021 Accounts receivable $ 76,000 $ 60,300 Accounts payable 41,000 27,100 Income taxes payable 13,000 7,700 Accounts payable pertain to operating expenses. Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) SHERIDAN COMPANY Partial Statement of Cash Flows choose the accounting period For the Year Ended December 31, 2022 select an opening section name Cash Flows from Operating Activities select an item Cash Receipts from Customers $ enter a dollar amount select between addition and deduction Less cash payments: select an item $ enter a dollar amount select an item enter a dollar amount enter a subtotal of the two previous amounts select a closing section name $ enter a total amount for this section