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 1,764,000 864,360 899,640 $ Salaries expense 241,668 Depreciation expense 42,336 Rent expense 47,628 Amortization expenses- 5,292 Patents Utilities expense 19,404 356,328 Gain on sale of equipment 543,312 7,056 Net income $ 550,368 Accounts receivable Inventory $ 19,500 Accounts increase payable 10,000 Salaries increase payable $ 13,275 decrease 1,350 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. 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 Salud Company reports the following information. Selected Annual Income Statement Data Selected Year-End Balance Sheet Data Net income $ 415,000 Accounts receivable increase $ 54,000 Depreciation expense 15,600 Gain on sale of machinery 9,600 3,800 93,500 Prepaid expenses decrease 26,300 Accounts payable increase Wages payable decrease Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31. Note: 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