The following income statement and additional year end information is provided. $2,121,000 1,039,290 1,081,710 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $290,577 Depreciation expense 50,904 Rent expense 57,267 Amortization expenses-Patents 6,363 Utilities expense 23,331 428, 442 653,268 8,484 $ 661,752 Gain on sale of equipment Net Income Accounts receivable Inventory $25,100 increase 31,200 Increase Accounts payable Salaries payable $12,225 decrease 2,650 decrease Prepare the 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 Prepare the 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