SONAD COMPANY Incone Statevent For Year Ended December 31 $2,026,000 992, 740 1,033, 260 Cost of goods sold Gross profit Operating spends Salaries expert Depreciation expense Rent expense Amortization expenses-Patents Utilitiet expense $ 277 562 48 624 54,702 6,078 22,286 Cain on sale of equipment Net incoce 409 252 624 008 8,104 $632 112 Accounts receivable Inventory $35, 400 in 17,100 increase Accounts payable Balaria berable 5 3,575 decrease 5,500 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.) 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