Suomi 2 Check my work 4 point The following income statement and additional year-end information is provided SONAD COMPANY Income Statement For Year Ended December 31 Sales $1,828,000 Cost of goods sold 991.000 Gross profit 37,000 Operating expenses Salaries expense $245, 535 Depreciation expense 44,200 Rent expense 49,600 Amortization expenses-Patents 4,200 Utilities expense 16,125 361,660 475, 340 Gain on sale of equipment 6,200 Net income $ 481,500 HE stoteronews Accounts receivable Inventory $30,500 increase 25,000 Increase Accounts payable Salaries payable $12,500 decrease >, 360 decrease Prepare the operating activities section of the statement of cash flows using the indirect method (Amounts to be deducted should be 2 indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities oints Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash eBook Hint Print Roterences Changes in current operating assets and liabilities