View Policies Current Attempt in Progress Marin Company's income statement for the year ended December 31, 2025, contained the following condensed information. Revenue from fees $1,546,000 Operating expenses (excluding depreciation) $1,329,000 Depreciation expense 108,000 Gain on sale of equipment (7,000) 1,430,000 Income before income taxes 116,000 Income tax expense 46,400 Net income $69,600 Marin's balance sheet contained the following comparative data at December 31. 2025 2024 Accounts receivable $171,000 $118,000 Accounts payable 136,000 85,000 Income taxes payable 16,000 26,000 (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).) MARIN COMPANY Statement of Cash Flows (Partial) flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) MARIN COMPANY Statement of Cash Flows (Partial) Adjustments to reconcile net income to eTextbook and Media Save for Later $ Attempts: 0 of 3 used Submit