SOLVE (TABLE)

The income statement of Meaney Inc. for the year ended December 31, 2021, reported the following condensed information: Service revenue 600,000 Operating expenses. 360,000 Profit from operations 240,000 Income tax expense... 60,000 Profit $ 180,000 Meaney's balance sheet contained the following comparative data at December 31: 2021 2020 Accounts receivable. $ 50,000 $ 65,000 Accounts payable 35,000 30,000 Income taxes payable.. 1,000 3,000 Meaney has no depreciable assets. Accounts payable pertains to operating expenses. Required: Prepare the operating activities section of the cash flow statement, using the direct method