00 8 The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement 15 points eBook Sales Cost of goods sold Gross profit Operating expenses Salaries expense For Year Ended December 31 $ 1,811,000 887,390 923,610 Depreciation expense Rent expense Amortization expenses-Patents Utilities expense $ 248,107 43,464 48,897 5,433 19,921 365,822 Hint Gain on sale of equipment Net income 557,788 7,244 $ 565,032 Print Accounts receivable Inventory $ 20,550 increase Accounts payable 16,100 increase Salaries payable $ 13,400 decrease 1,850 decrease References Check my work Prepare the operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (Partial) Cash flows from operating activities