Check my work The following income statement along with additional year-end information about changes in noncash current assets and current liabilities are reported. SONAD COMPANY Income Statement For Year Ended December 31 2.5 points Sales Cost of goods sold Gross profit Operating expenses 1,550,000 759,500 790,500 eBook Salaries expense Depreciation expense Rent expense Amortization expense-Patents Utilities expense $212,350 37,200 41,850 4,650 Hint Print 17,050313,100 477,400 6,200 483,600 References Gain on sale of equipment Net income Additional Year-End Balance Sheet Data Accounts receivable Inventory Accounts payable Salaries payable $34,550 increase 16,450 increase 15,225 decrease 3,350 decrease Required Prepare only the cash flows from 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 activities Income statement items not affecting cash Changes in current operating assets and liabilities