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

The following income statement and additional year-end information is provided. $ 1,949,000 955,010 993,990 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $ 267,013 Depreciation expense 46,776 Rent expense 52,623 Amortization expenses-Patents 5,847 Utilities expense 21,439 Gain on sale of equipment Net income 393,698 600, 292 7,796 $ 608, 088 Accounts receivable Inventory $ 35,550 Increase Accounts payable 33,600 Increase Solaries payable $ 9,050 decrease 2,900 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.) 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 liabilitie