SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $309,209 Depreciation expense 54,168 Rent expense 60,939 Amortization expenses-Patents 6,771 Utilities expense 24,827 $2,257,000 1,105,930 1,151,070 Gain on sale of equipment Net income 455,914 695,156 9,028 704,184 $ Accounts receivable Inventory $20,650 increase 12,300 increase Accounts payable salaries payable $11,875 decrease 4,300 decrease Prepare the operating activities section of the statement of cash flows using the indirect method. (Amou deducted should be indicated with a minus sign.)