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

The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales 45,864 Cost of goods sold Gross profit Operating expenses Salaries expense Depreciation expense Rent expense Amortization expensesPatents Utilities expense Gain on sale of equipment $ 261,807 51,597 5, 733 21 021 Net income Accounts receivable Inventory $ 40,400 increase Accounts 37, 150 increase Salaries 936, 390 974,610 386,022 588,588 7 644 $ 596,232 payable payable $ 13, 775 decrease 1,550 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. Statomont Of Cash Flows (partia Cash flows from operating activities Net income Adjustments to reconcile net incomo to net cash provided by oporating activities Income statement items not affecting cash Depreciation expense Amortization expensePatents Gain on sale of equipment Changes in current operating assets and liabilities Increase in accounts receivable Increase in inventory Decrease in accounts payable Decrease in salaries payable et cash provided by operating actrviljes o