Sales Cost of goods sold Gross profit Operating expenses Salaries expense SONAD COMPANY Income Statement For Year Ended December 31 Depreciation expense Rent expense Amortization expenses-Patents Utilities expense $ 262,492 45,984 51,732 $ 1,916,000 938,840 977,160 Gain on sale of equipment Net income Accounts receivable Inventory 5,748 21,076 387,032 590,128 7,664 $ 597,792 $ 43,600 increase Accounts payable 24,550 increase Salaries payable $ 14,800 decrease 3,700 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 liabilities 0