11 The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 5.55 points Sales $2,091,000 Cost of goods sold 1,024,590 Gross profit 1,066,410 Skoped Operating expenses Salaries expense $286,467 Depreciation expense 50,184 Rent expense 56,457 Amortization expenses-Patents 6,273 Utilities expense 23,001 422,382 eBook 644,028 Gain on sale of equipment Net income 8,364 652,392 Hint Accounts receivable Inventory $23,050 increase 18,125 increase Accounts payable Salaries payable $13,175 decrease 2,350 decrease Print References Taxes Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities