Prepare the operating activities section of the statement of cash flows using the direct method.

The following income statement and additional year-end information is provided. $ 2,310,000 1,131,900 1,178, 100 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $ 316,470 Depreciation expense 55,440 Rent expense 62,370 Amortization expenses-Patents 6,930 Utilities expense 25,410 Gain on sale of equipment Net income 466,620 711,480 9,240 $ 720,720 Accounts receivable Inventory $ 23, 200 increase Accounts payable 27,200 increase Salaries payable $ 14,175 decrease 3,150 decrease Prepare the operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flow (Partial Cash flows from operating activities 0