The following income statement and additional year-end information is provided. $1,591,000 779,590 811,410 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $217,967 Depreciation expense 38, 184 Rent expense 42,957 Amortization expenses-Patents 4,773 Utilities expense 17,501 Gain on sale of equipment Net income 321,382 490,028 6,364 $ 496,392 Accounts receivable Inventory $44,150 increase 33,800 increase Accounts payable Salaries payable $15,625 decrease 2,250 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 Accounts receivable Inventory $44,150 increase 33,800 increase Accounts payable Salaries payable $15,625 decrease 2,250 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 0