Zumbuna Compary's ncome seatement ci the adedon blow ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2017 $970,400 Service revenue Operating expenses, excluding depreciation Depreciation expense Loss on disposal of equipment Income before income taxes Income tax expense Net income $624,000 55,100 24.900 704,000 266,400 39,800 5226,600 Zumbrunn's balance sheet contained the comparative data at December 31, shown below. 2017 2016 Accounts receivable Accounts payable Income taxes payable s75,800 40.800 13 300 $59,400 27,400 6.800 Accounts pavable pertain to operating expenses. Prepare the operating activities section of the statement of cash flows using the indirect method. (Show amo ZUMBRUNN COMPANY Partial Stkatement of Cash Flows Zumbuna Compary's ncome seatement ci the adedon blow ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2017 $970,400 Service revenue Operating expenses, excluding depreciation Depreciation expense Loss on disposal of equipment Income before income taxes Income tax expense Net income $624,000 55,100 24.900 704,000 266,400 39,800 5226,600 Zumbrunn's balance sheet contained the comparative data at December 31, shown below. 2017 2016 Accounts receivable Accounts payable Income taxes payable s75,800 40.800 13 300 $59,400 27,400 6.800 Accounts pavable pertain to operating expenses. Prepare the operating activities section of the statement of cash flows using the indirect method. (Show amo ZUMBRUNN COMPANY Partial Stkatement of Cash Flows