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Ch. 12 hw6 Saved Help Save & Exit Check my 2 Exercise 12-4 Indirect: Cash flows from operating activities LO P2 The following income statement and information about changes in noncash current assets and current liabilities are reporte 10 points SONAD COMPANY Income Statement For Year Ended December 31, 2017 eBook Hint Print References Sales Cost of goods sold Gross profit Operating expenses $1,828,000 991,000 837,000 Salaries expense Depreciation expense Rent expense Amortization expenses-Patents Utilities expense $245,535 44,200 49, 600 4,200 18, 125 361,660 475,340 6,200 $ 481,540 Gain on sale of equipment Net income Changes in current asset and current liability accounts for the year that relate to operations follow