Choose from below

The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales $1,828,000 991,000 837,000 Cost of goods sold Gross profit Operating expenses Salaries expense Depreciation expense Rent expense Amortization expenses-Patents Utilities expense $245,535 44,200 49,600 4,200 18,125 361,660 475,340 6,200 $ 481,540 Gain on sale of equipment Net income Accounts receivable Inventory $30,500 increase 25,000 increase Accounts payable Salaries payable $12,500 decrease 3,500 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 S 481,540 Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Net income Changes in current operating assets and liabilities Net cash provided by investing activities S 481,540 Amor uzation expense-Patents Decrease in accounts payable Decrease in accounts receivable Decrease in inventory Decrease in salaries payable Depreciation expense UTIVI LILULIVII CAPI ILLUT ase Increase in accounts payable Increase in accounts receivable Increase in inventory Increase in salaries payable Loss on sale of equipment CUTIILILULUI CA TOT