The following income statement along with additional year-end information about changes in noncash current assets and current liabilities are reported. $1,940,000 950, 600 989,400 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $265, 780 Depreciation expense 46,560 Rent expense 52,380 Amortization expense-Patents 5,820 Utilities expense 21,340 Gain on sale of equipment Net income 391,880 597,520 7,760 605, 280 $ Additional Year-End Balance Sheet Data Accounts receivable $41,850 increase Inventory 24,500 increase Accounts payable 10,625 decrease Salaries payable 2,950 decrease Required: Prepare only the cash flows from 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) Prepare only the cash flows from 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