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Help Save & Exit su The following income statement along with additional year-end information about changes in noncash current assets and current liabilities are reported. $1,828,000 991,000 137,000 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $245, 535 Depreciation expense 44,200 Rent expense 49,600 Amortization expense-Patents 4,200 Utilities expense 18,125 361,660 475, 340 6.200 Gain on sale of equipment Net Income $ 481,540 Additional Year-End Balance Sheet Data Accounts receivable $30,500 Increase Inventory 25,000 Increase Accounts payable 12,500 decrease Salaries payable 3,500 decrease wenecmeducation.com 252F/testing. I cer 12 HW Shed Help Save & Exit Submit 2 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.) Statement of Cash Flows partial) Cash flows from operating activities Adjustments to reconcile net income to not cash provided by operating activities Income statement items not acting cash ook ences Changes in current operating assets and liabilities