Income Statement For Year Ended December 31 Sales $1,625,000 796,250 828,750 Cost of goods sold Gross profit Operating expenses Salaries expense Depreciation expense Rent expense Amortization expenses-Patents Utilities expense $222,625 39,000 43,875 4,875 17,875 328,250 500,500 6,500 $ 507,000 Gain on sale of equipment Net income $13,550 decreas 4,000 decrease Accounts payable Salaries payable Accounts receivable Inventory $11,050 increase 20,700 increase 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.)