3 The following income statement and additional year-end information is provided. 9.09 points $1,655,000 810,950 844,850 eBook SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $226,735 Depreciation expense 39,720 Rent expense 44,685 Amortization expenses-Patents 4,965 Utilities expense 18,205 Gain on sale of equipment Net income Hint Print References 334,310 509,740 6,620 $ 516,360 Accounts receivable Inventory $28,000 increase 18,775 increase Accounts payable Salaries payable $14,600 decrease 1,100 decrease Prepare the operating activities section of the statement of cash flows using the indirect methoy (Amounts to be de 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 Accounts receivable Inventory $28,000 increase 18,775 increase Accounts payab Salaries payabl Prepare the operating activities section of the statement of cash flows 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