Zumbrunn Company's income statement contained the following condensed information.

Zumbrunn's balance sheets contained the comparative data at December 31, shown below.
__________________________________________2019 2018
Accounts receivable....................................$75,000.........$65,000
Accounts payable.........................................46,000...........28,000
Income taxes payable....................................11,000.............7,000
Accounts payable pertain to operating expenses.
Instructions
Prepare the operating activities section of the statement of cash flows using the indirect method.

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ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2019 Service revenue Operating expenses, excluding depreciation$624,000 Depreciation expense Loss on disposal of plant assets Income before income taxes Income tax expense Net income $970,000 60,000 16,000 700,000 270,000 40,000 $230,000