Check my w The following income statement and additional year-end information is provided. $2,158,000 1,057, 420 1,100,580 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $295,646 Depreciation expense 51,792 Rent expense 58,266 Amortization expenses-Patents 6,474 Utilities expense 23,738 Gain on sale of equipment Net Income 435,916 664,664 8,632 $ 673,296 Accounts receivable Inventory $32,700 increase 38,350 increase Accounts payable Salaries payable $8,150 decrease 3,250 decrease Prepare the operating activities section of the statement of cash flows using the indirect method. Amounts to be deducted should be 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 Income statement tems not affecting cash Changes in current operating assets and abilities ME