Mc Graw Hill 1 The following income statement and additional year-end information is provided SORAD COMPANY Sales Cost of goods sold Gross profit Incume Statement Year Ended December 33 $ 1,718,000 641,820 876,100 Help Seve & Exit Submit Operating expenses Salaries expense Depreciation expense Bent expense Amortization expenses-Patents Utilities expense Gain on sale of equipment Net income Accounts receivable Inventory Prepare the operating activities indicated with a minus sign.) Cash flows from operating activities $235,366 41,232 46,386 5,154 19,898 347,036 529,144 6,573 $ 536,016 $ 25,900 Increase Accounts payable, 33,500 Increase Salaries payable $ 10,925 decrease 2,000 decrease section of the statement of cash flows using the indirect method (Amounts to be deducted should be Statement of Cash Flows (partial) Pre 1 of 5 Next >