Tepare the operating activities section of the statement of indicated with a minus sign.) Statement of Cash Flows (Partial) Cash flows from operating activities $ $ 0 Exercise 16-18B Direct: Cash flows from operating activities LO P5 Using the following income statement and additional year-end information. SONAD COMPANY Income Statement For Year Ended December 31 $1,828,000 991,000 837,000 Sales Cost of goods sold Gross profit Operating expenses Salaries expense Depreciation expense Rent expense Amortization expenses-Patents Utilities expense $245,535 44,200 49,600 4,200 18,125 Gain on sale of equipment 361,660 475,340 6,200 481,540 Net income $ Accounts receivable Inventory $30,500 increase 25,000 increase Accounts payable Salaries payable $12,500 decrease 3,500 decrease Prepare the operating activities section of the statement of cash flows using the direct method. (Ar indicated with a minus sign.)