The following income statement and additional year$-$end information is provided.

SONAD COMPANY

Income Statement

For Year Ended December $31$

Sales $ $2,318,000$

Cost of goods sold $1,135,820$

Gross profit $1,182,180$

Operating expenses

Salaries expense $ $317,566$

Depreciation expense $55,632$

Rent expense $62,586$

Amortization expenses$$Patents $6,954$

Utilities expense $25,498468,236$

$713,944$

Gain on sale of equipment $9,272$

Net income $ $723,216$

Accounts receivable $ $44,000$ increase Accounts payable $ $10,300$ decrease

Inventory $20,100$ increase Salaries payable $2,750$ decrease

Prepare the operating activities section of the statement of cash flows using the indirect method.

Note: Amounts to be deducted should be indicated with a minus sign.