A Partially correct answer. Your answer is partially correct. Try again. Zumbrunn Company's income statement contained the condensed information below. ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2017 Service revenue $971,600 Operating expenses, excluding depreciation $623,000 Depreciation expense 56,000 Loss on disposal of equipment 24,700 703,700 Income before income taxes 267,900 Income tax expense 39,300 Net income $228,600 Zumbrunn's balance sheet contained the comparative data at December 31, shown below. 2017 2016 Accounts receivable $74,900 $59,700 Accounts payable 40,100 28,400 Income taxes payable 11,800 6,300 Accounts payable pertain to operating expenses. Prepare the operating activities section of the statement of cash flows using the direct method.