Thornton Companys income statement contained the condensed information below. THORNTON COMPANY Income Statement For the Year Ended December 31, 2014 Service revenue $1,814,870 Operating expenses, excluding depreciation $1,148,794 Depreciation expense 102,905 Loss on disposal of plant assets 29,936 1,281,635 Income before income taxes 533,235 Income tax expense 104,776 Net income $428,459 Thorntons balance sheet contained the comparative data at December 31. 2014 2013 Accounts receivable $130,970 $112,260 Accounts payable 76,711 59,872 Income taxes payable 24,323 13,097 Accounts payable pertain 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).) THORNTON COMPANY Partial Statement of Cash Flows For the Year Ended December 31, 2014