curr The following income statement and information about changes in noncash Income Statement ember 31, 2017 1,760,000 862,400 897,600 Sales Cost of goods sold Operating expenses Salaries expense Depreciation expense Rent expense Amortization expenses-Patents Utilities expense 241,120 42,240 47,520 5,280 19,360 355,520 542,080 7,040 549,120 Gain on sale of equipment Net income Changes in current asset and current liability accounts for the year that relate to operations follow Accounts receivable Inventon _LS 16,600 increase Accounts payable 28,100 increaseSalaries payable 9,725 decrease 3,200 decrease $ 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