The following income statement and additional year-end information is provided. $2,276,000 1,115,240 1,160,760 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $311,812 Depreciation expense 54,624 Rent expense 61,452 Amortization expenses-Patents 6,828 Utilities expense 25,036 Gain on sale of equipment Net income 459,752 701,008 9,104 710,112 $ Accounts receivable Inventory $13,800 increase 32,150 increase Accounts payable Salaries payable $ 9,650 decrease 5,950 decrease Prepare the operating activities section of the statement of cash flows using the indirect method 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 Accounts receivable Inventory $13,800 increase 32,150 increase Accounts payable Salaries payable $9,650 decrease 5,950 decrease Prepare the operating activities section of the statement of cash flows using the indirect method. (Amou 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