SONAD COMPANY Income Statement For Year Ended December 31
Sales				$	1,566,000
Cost of goods sold					767,340
Gross profit					798,660
Operating expenses
Salaries expense	$	214,542
Depreciation expense		37,584
Rent expense		42,282
Amortization expensesPatents		4,698
Utilities expense		17,226			316,332
					482,328
Gain on sale of equipment					6,264
Net income				$	488,592

Additional Year-End Balance Sheet Data
Accounts receivable	$	41,250		increase
Inventory		39,400		increase
Accounts payable		14,350		decrease
Salaries payable		2,850		decrease

Use the direct method to prepare only the cash provided or used by operating activities section of the statement of cash flows for this company. (Amounts to be deducted should be indicated with a minus sign.)

DIRECT METHOD PLEASE