The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales $ 1,517,000 Cost of goods sold 743,330 Gross profit 773,670 Operating expenses Salaries expense $ 207,829 Depreciation expense 36,408 Rent expense 40,959 Amortization expensesPatents 4,551 Utilities expense 16,687 306,434 467,236 Gain on sale of equipment 6,068 Net income $ 473,304 Accounts receivable $ 13,450 increase Accounts payable $ 10,850 decrease Inventory 14,175 increase Salaries payable 2,200 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