The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $245,778 Depreciation expense 43,056 Rent expense 48,438 Amortization expenses-Patents 5,382 Utilities expense 19,734 $1,794, 000 879,060 914,940 Gain on sale of equipment Net income 362,388 552,552 7,176 $ 559,728 Accounts receivable Inventory $14, 300 increase 22,575 increase Accounts payable Salaries payable $13,450 decrease 4,450 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 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