the following income statement and additional year end infomation is provided

The following income statement and additional year-end information is provided. $2,125,000 1,041,250 1,083,750 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $291, 125 Depreciation expense 51,000 Rent expense 57,375 Amortization expenses-Patents 6,375 Utilities expense 23,375 Gain on sale of equipment Net income 429,250 654,500 8,500 $ 663,000 Accounts receivable Inventory $46,400 increase 17,000 increase Accounts payable Salaries payable $11,475 decrease 1,900 decrease Prepare the operating activities section of the statement of cash flows using the indirect method (Amounts to be dedu indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities Net Income 663,000 Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Rent expense Amortization expenses-Patents Utilities expense 57,375 6,375 23,375 Gain on sale of equipment Net income 429,250 654,500 8,500 663,000 $ Accounts receivable Inventory $46,400 increase 17,000 increase Accounts payable Salaries payable $11,475 decrease 1,900 decrease Prepare the operating activities section of the statement of cash flows using the indirect method (Amounts to be deducted should indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities Net Income $ 663,000 Adjustments to reconcile not income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities $ 663,000