. olvo WO wo SONAD COMPANY Income Statement For Year Ended December Sales Cost of goods sold Gross profit Operating expenses Salaries expense Depreciation expense Rent expense Amortization expenses-Patents Utilities expense OOO No 648397,536 14 7,872 Gain on sale of equipment Net income 614,016 Accounts receivable Inventory $30, 100 increase 10,625 increase Accounts payable Salaries payable $14,725 decrease 2,650 decrease Prepare the operating activities section of the statement of cash flows using the indirect method. (An indicated with a minus sign.) Statement of Cash Flows (partial) 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 MacBook Air