tivities P17-4C The income statement of Carron Inc. reported the following condensed information. CARRON INC. Income Statement For the Year Ended December 31, 2017 $560,000 Service revenue operating expenses 400,000 Income from operations 160,000 40,000 Income tax expense $120,000 Net income Brislin's balance sheet contained these comparative data at December 31. 2017 2016 Accounts receivable $50,000 $70,000 58,000 Accounts payable 30,000 4,000 Income taxes payable 10.000 Camon has no depreciable assets. Accounts payable pertain to operating expenses. Instructions Prepare the operating activities section of the statement of cash flows using the indirect method