cash flows with extra points) i Saved Exercise 12-18B Direct: Cash flows from operating activities LO P5 Using the following income statement and additional year end information $2,061,000 1,009, 890 1,051, 110 SONAD COMPANY Income Statement Fon Year Ended December Sales cost of goods old Gross profit Operating penses Salario expense Depreciation expense Rent expense Amortization expenses Patents Utilities expense $282,357 49,464 55,647 6,183 22, 671 416,22 634,758 8, 244 643,032 Gain one of equipment Not income Account Receivable Inventory $24,900 Increase 35,450 increase $82,625 decrease 2,109 decrease Accounts payable Salaries payable 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.) Statement of Cash Flows {Partial) Cash flows from operating activities Mavi