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Please help me prepare the operating activites... The following income statement and additional year-end Information is provided. SONAD COMPANY Income Statement For Year Ended December

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The following income statement and additional year-end Information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales $2,093, 000 Cost of goods sold 1,625,570 Gross profit 1,867,430 Operating expenses Salaries expense $286,741 Depreciation expense 50,232 Rent expense 56,511 Amortization expenses-Patents 6,279 Utilities expense 23,022 422,786 644,644 Gain on sale of equipment 8,372 Net Income $ 653,016 Accounts receivable Inventory $26,180 Increase 30,425 Increase Accounts payable Salaries payable $15,875 decrease 3,508 decrease 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.) 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 abilities

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