Help Save & Exit Check The following income statement along with additional year-end Information about changes in noncash current assets and current liabilities are reported. points (8 03:2144 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $263, 588 Depreciation expense 45, 176 Rent expense 51,948 Amortization expense-Patents 5,772 Utilities expense 21.164 $1,924,000 942.760 981,240 388,648 592,592 7.696 680,288 Gain on sale of equipment Net income References $ Additional Year-End Balance Sheet Data Accounts receivable $24, 200 increase Inventory 14,625 increase Accounts payable 9.600 decrease Salaries payable 2.050 decrease view Assignments 12 Help Save & Exit Check 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.) boints Statement of Cash Flows (partial) Cash flows from operating activities 8 03:21:16 eBook Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Amortization expense Patents Print References Changes in current operating assets and liabilities