mazon.com Home I WINGS... University Google Pilot Apple Bing Google Yahoo Rent Connect State Univar 000-THE LEGAL T OF B Ch 12 Connect Assignment Help 4 The following income statement and information about changes in noncash current assets and current liabilities are reported. SONAD COMPANY Income Statesent Tor Year Ended Decenber 31 2017 points Sales Cost of goods sold Gross profit Operating expenses .591,000 79,590 811,410 Salariea expense Depreciation expense Rent expense Amortization expenses-Patents utilities expens? 217.967 38,184 42,957 4,773 17-501321 382 490,028 6,364 Hirt Gain on sale of equipment Net income 496, 392 Print Changes in current asset and current liability accounts for the year that relate to operations follow. References Accounts receivable Inventory 29,450 increase Accounts payable 20,975 increase Salaries payable $14,575 decrease 2,700 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.) Cash flows from operating activities Net income S 496,392 Adjustments to reconcile net income to net cash provided by operating activities income statement items not affecting cash