View Policies Current Attempt in Progress Flint Company's income statement for the year ended December 31, 2017,contained the following condensed information. Service revenue $848,000 Operating expenses (excluding depreciation) $626,000 Depreciation expense 60,000 Loss on sale of equipment 26,000 712,000 Income before income taxes 136,000 Income tax expense 41,000 Net income $95,000 Flint's balance sheet contained the following comparative data at December 31 Flint's balance sheet contained the following comparative data at December 31. 2017 2016 Accounts receivable Accounts payable $37,000 $52,000 41,000 32,000 4,100 8,700 Income taxes payable (Accounts payable pertains to operating expenses.) Prepare the operating activities section of the statement of cash flows using the direct method. FLINT COMPANY Statement of Cash Flows (Partial) Save for Later Attempts: Oof 3 used Submit Answer Current Attempt in Progress Marin Company's income statement for the year ended December 31, 2017, contained the following condensed information $846,000 Service revenue Operating expenses (excluding depreciation) $630,000 Depreciation expense 61,000 Loss on sale of equipment 27,000 Income before income taxes Income tax expense Net income 718,000 128,000 40,000 $88,000 Marin's balance sheet contained the following comparative data at December 31. Accounts receivable Accounts payable Income taxes payable 2017 2016 $35,000 $57,000 42,000 30,000 3,900 8,700 (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 eg. (15,000) MARIN COMPANY Statement of Cash Flows (Partial) Adjustments to reconcile net income to