#14 make answers small enough to read so the anwser wont get cut off , so i can leave you a thumbs up.

Exercise 16-4 Indirect: Cash flows from operating activities LO P2 The following income statement and additional year-end Information is provided. SONAD COMPANY Income Statement For Year Ended December 31 sales $2,356,000 cost of goods sold 1,154,440 Gross profit 1,201,560 Operating expenses Salaries expense $322,772 Depreciation expense 56,544 Rent expense 63,612 Amortization expenses-Patents 7,068 Utilities expense 25,916 475,912 725,648 Gain on sale of equipment 9,424 Net income $ 735,072 M 3 ences Accounts receivable Inventory $41,750 increase 20,375 increase Accounts payable Salaries payable $13,375 decrease 1,880 decrease Prepare the operating activities section of the statement of cash flows using the Indirect method. (Amounts to be deducted sho Indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities Net income 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