Sales SONAD COMPANY Income Statement For Year Ended December 31 Cost of goods sold. Gross profit Operating expenses Salaries expense Depreciation expense Rent expense Amortization expenses-Patents Utilities expense $ 245,535 44,200 $ 1,828,000 991,000 837,000 49,600 4,200 18,125 361,660 475,340 6,200 Gain on sale of equipment Net income Accounts receivable Inventory $ 481,540 $ 30,500 increase Accounts payable 25,000 increase Salaries payable $12,500 decrease 3,500 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.)