Problem 17-06A Your answer is partially correct. Try again. Zumbrunn Company's income statement contained the following condensed information. ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2020 $971,100 Service revenue Operating expenses, excluding depreciation Depreciation expense Loss on disposal of plant assets Income before income taxes $624,900 55,600 24,700 705,200 265,900 Income tax expense 39,600 Net income $226,300 Zumbrunn's balance sheets contained the comparative data at December 31, shown below. 2020 2019 Accounts receivable Accounts payable Income taxes payable $74,800 41,000 10,500 $59,700 27,700 6,300 Accounts payable pertain to operating expenses. Prepare the operating activities section of the statement of cash flows using the direct 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 For the Year Ended December 31, 2020 Cash Flows from Operating Activities Cash Receipts from Customers Less cash payments: For Income Taxes For Operating Expenses Net Cash Provided by Operating Activities Click if you would like to Show Work for this question: Open Show Work