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 $328,663 Depreciation expense 57,576 Rent expense 64,773 Amortization expenses-Patents 7,197 Utilities expense 26,389 $2,399,000 1,175,510 1,223,490 Gain on sale of equipment Net income 484,598 738,892 9,596 $ 748,488 Accounts receivable Inventory $47,800 increase 13,850 increase Accounts payable Salaries payable $ 9,500 decrease 2,050 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