The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales $ 2,465,000 Cost of goods sold 1,207,850 Gross profit 1,257,150 Operating expenses Salaries expense $ 337,705 Depreciation expense 59,160 Rent expense 66,555 Amortization expensesPatents 7,395 Utilities expense 27,115 497,930 759,220 Gain on sale of equipment 9,860 Net income $ 769,080 Accounts receivable $ 22,550 increase Accounts payable $ 12,275 decrease Inventory 29,750 increase Salaries payable 2,200 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
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