SONAD COMPANY Income Statement For Year Ended December 31, 2015 Sales Cost of goods sold $ 1,979,000 969,710 1,009,290 Gross profit Operating expenses Salaries expense Depreciation expense Rent expense Amortization expensesPatents Utilities expense $271,123 47,496 53,433 5,937 21,769 399,758 Gain on sale of equipment 609,532 7,916 Net income $ 617,448 Changes in current asset and current liability accounts for the year that relate to operations follow. Accounts receivable Inventory $ 28,850 increase 23,825 increase Accounts payable Salaries payable $ 10,650 decrease 3,500 decrease Required: Prepare only the cash flows from 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