6 The following income statement and additional year-end Information is provided. 10 points SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $ 276,192 Depreciation expense 48,384 Rent expense 54,432 Amortization expenses-Patents 6,048 Utilities expense 22,176 $ 2,016,000 987,840 1,028, 160 Book 407,232 620,928 8,064 $ 628,992 Gain on sale of equipment Net income Hint Print Accounts receivable $ 48,400 increase Accounts payable $ 8,575 decrease Inventory 20,125 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 she indicated with a minus sign.) References Statement of Cash Flows (Partial) Cash flows from operating activities