Information: The following income statement and information about changes in noncash current assets and current liabilities are reported

Changes in current asset and current liability accounts for the year that relate to operations follow

Required Prepare only the cash flows from operating activities section of the statement of cash flows using the indirect method

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Sales... Cost of goods sold Gross profit..... Operating expenses SONAD COMPANY Income Statement For Year Ended December 31, 2013 $1,828,000 991,000 837,000 Salaries expense $245,535 Depreciation expense 44,200 Rent expense 49,600 Amortization expenses-Patents 4,200 Utilities expense 18,125 361,660 475,340 Gain on sale of equipment 6,200 Net income $ 481,540