The following income state ment and information about changes in noncash current assets and current liabilities are reported. SONAD COMPANY Income Statement For Year Ended December 31, 2015 2,295,000 Sales 1,124,550 Cost of goods sold Gross profit 1,170,450 Operating expenses 314,415 Salaries expense 55,080 Depreciation expense 61,965 Rent expense 6,885 Amortization expenses-Patents Utilities expense 25,245 463,590 706,860 Gain on sale of equipment 9,180 716,040 Net income Changes in current asset and current liability accounts for the year that relate to operations follow. Accounts receivable 30,100 increase Accounts payable 9,200 decrease 5,200 decrease Inventory 34,225 increase Salaries payable