Sales		$ 2,340,000
Cost of goods sold		1,146,600
Gross profit		1,193,400
Operating expenses
Salaries expense	$ 320,580
Depreciation expense	56,160
Rent expense	63,180
Amortization expensesPatents	7,020
Utilities expense	25,740	472,680
		720,720
Gain on sale of equipment		9,360
Net income		$ 730,080

Accounts receivable	$ 22,650 increase	Accounts payable	$ 13,500 decrease
Inventory	24,675 increase	Salaries payable	5,450 decrease

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

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 liabilities
	$0