$ 1,804,000 883,960 920,040 Sales Cost of goods sold Gross profit Operating expenses Salaries expense Depreciation expense Rent expense Amortization expenses-Patents Utilities expense $ 247,148 43,296 48, 708 5,412 19, 844 Gain on sale of equipment Net income 364,408 555, 632 7,216 $ 562,848 Accounts receivable $ 26,500 increase Accounts payable $ 9,875 decrease Inventory 37,000 increase Salaries payable 4,200 decrease 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.) X Answer is not complete. 1,804,000 X Statement of Cash Flows (Partial) Cash flows from operating activities Receipts from customers $ Payments for inventory Payments for salaries Payments for rent Payments for utilities OOOOO (43,296) X 26,500 X 37,000 X Net cash provided by operatina activities