Your answer is partially correct. Try again. Windsor Company's income statement for the year ended December 31, 2017, contained the following condensed information. $831,000 Service revenue Operating expenses (excluding depreciation) Depreciation expense Loss on sale of equipment Income before income taxes Income tax expense Net income $620,000 60,000 26,000 706,000 125,000 40,000 $85,000 Windsor's balance sheet contained the following comparative data at December 31. Accounts receivable 2017 $37,000 41,000 4,100 2016 $52,000 31,000 8,500 Accounts payable Income taxes payable (Accounts payable pertains to operating expenses.) Prepare the operating activities section of the statement of cash flows using the direct method. WINDSOR COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31, 2017 TCash Flows from Operating Activities Cash Receipts from Customers 831000 Cash Payments for Operating Expenses 610,000.00 Cash Payments for Income Taxes 89,400.00 520600 Net Cash Provided by Operating Activities 310400