Sunland Companys income statement for the year ended December 31, 2020, contained the following condensed information.

Service revenue				$848,000
Operating expenses (excluding depreciation)		$618,000
Depreciation expense		59,000
Loss on sale of equipment		25,000		702,000
Income before income taxes				146,000
Income tax expense				40,000
Net income				$106,000

Sunlands balance sheet contained the following comparative data at December 31.

		2020		2019
Accounts receivable		$39,000		$57,000
Accounts payable		39,000		32,000
Income taxes payable		4,200		8,900

(Accounts payable pertains to operating expenses.) Prepare the operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

SUNLAND COMPANY Statement of Cash Flows (Partial) December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Decrease in Accounts ReceivableNet IncomeDepreciation ExpenseDecrease in Accounts PayableDecrease in Income Taxes PayableLoss on Sale of EquipmentIncrease in Accounts ReceivableGain on Sale of EquipmentIncrease in Income Taxes PayableIncrease in Accounts Payable		$
Adjustments to reconcile net income to
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Net IncomeIncrease in Accounts PayableGain on Sale of EquipmentLoss on Sale of EquipmentDepreciation ExpenseDecrease in Accounts PayableDecrease in Accounts ReceivableIncrease in Income Taxes PayableIncrease in Accounts ReceivableDecrease in Income Taxes Payable	$
Decrease in Accounts PayableDecrease in Income Taxes PayableIncrease in Income Taxes PayableDepreciation ExpenseLoss on Sale of EquipmentIncrease in Accounts PayableDecrease in Accounts ReceivableNet IncomeIncrease in Accounts ReceivableGain on Sale of Equipment
Loss on Sale of EquipmentDecrease in Accounts ReceivableIncrease in Accounts ReceivableDecrease in Income Taxes PayableDepreciation ExpenseIncrease in Accounts PayableNet IncomeIncrease in Income Taxes PayableGain on Sale of EquipmentDecrease in Accounts Payable
Increase in Income Taxes PayableDecrease in Income Taxes PayableNet IncomeDecrease in Accounts ReceivableDepreciation ExpenseIncrease in Accounts PayableDecrease in Accounts PayableGain on Sale of EquipmentLoss on Sale of EquipmentIncrease in Accounts Receivable
Gain on Sale of EquipmentDepreciation ExpenseIncrease in Accounts ReceivableLoss on Sale of EquipmentIncrease in Accounts PayableDecrease in Accounts ReceivableNet IncomeDecrease in Income Taxes PayableDecrease in Accounts PayableIncrease in Income Taxes Payable
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash		$