Zumbrunn Companys income statement contained the following condensed information.

ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2020
Service revenue				$970,400
Operating expenses, excluding depreciation		$624,100
Depreciation expense		55,400
Loss on disposal of plant assets		25,200		704,700
Income before income taxes				265,700
Income tax expense				39,100
Net income				$226,600

Zumbrunns balance sheets contained the comparative data at December 31, shown below.

		2020		2019
Accounts receivable		$75,200		$59,800
Accounts payable		40,400		28,900
Income taxes payable		13,000		6,400

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).)

ZUMBRUNN COMPANY Partial Statement of Cash Flows choose the accounting period For the Year Ended December 31, 2020For the Month Ended December 31, 2020December 31, 2020
select an opening section name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
select an item Net IncomeDepreciation ExpenseLoss on Disposal of Plant AssetsIncrease in Accounts PayableDecrease in Accounts PayableIncrease in Income Taxes PayableDecrease in Income Taxes PayableIncrease in Accounts ReceivableDecrease in Accounts ReceivableCash Receipts from CustomersFor Operating ExpensesFor Income Taxes		$enter a dollar amount
Adjustments to reconcile net income to
select a subsection name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
select an item Net IncomeDepreciation ExpenseLoss on Disposal of Plant AssetsIncrease in Accounts PayableDecrease in Accounts PayableIncrease in Income Taxes PayableDecrease in Income Taxes PayableIncrease in Accounts ReceivableDecrease in Accounts ReceivableCash Receipts from CustomersFor Operating ExpensesFor Income Taxes	$enter a dollar amount
select an item Net IncomeDepreciation ExpenseLoss on Disposal of Plant AssetsIncrease in Accounts PayableDecrease in Accounts PayableIncrease in Income Taxes PayableDecrease in Income Taxes PayableIncrease in Accounts ReceivableDecrease in Accounts ReceivableCash Receipts from CustomersFor Operating ExpensesFor Income Taxes	enter a dollar amount
select an item Net IncomeDepreciation ExpenseLoss on Disposal of Plant AssetsIncrease in Accounts PayableDecrease in Accounts PayableIncrease in Income Taxes PayableDecrease in Income Taxes PayableIncrease in Accounts ReceivableDecrease in Accounts ReceivableCash Receipts from CustomersFor Operating ExpensesFor Income Taxes	enter a dollar amount
select an item Net IncomeDepreciation ExpenseLoss on Disposal of Plant AssetsIncrease in Accounts PayableDecrease in Accounts PayableIncrease in Income Taxes PayableDecrease in Income Taxes PayableIncrease in Accounts ReceivableDecrease in Accounts ReceivableCash Receipts from CustomersFor Operating ExpensesFor Income Taxes	enter a dollar amount
select an item Net IncomeDepreciation ExpenseLoss on Disposal of Plant AssetsIncrease in Accounts PayableDecrease in Accounts PayableIncrease in Income Taxes PayableDecrease in Income Taxes PayableIncrease in Accounts ReceivableDecrease in Accounts ReceivableCash Receipts from CustomersFor Operating ExpensesFor Income Taxes	enter a dollar amount
		enter a subtotal of the adjustments
select a closing section name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash		$enter a total amount for the section