The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales $ 1,909,000 Cost of goods sold 935,410 Gross profit 973,590 Operating expenses Salaries expense Depreciation expense Rent expense Amortization expenses-Patents Utilities expense Gain on sale of equipment $261,533 Net income Accounts receivable Inventory 45,816 51,543 5,727 20,999 385,618 587,972 7,636 $ 595,608 $ 10,575 decrease ,500 decrease $ 46,950 increase Accounts payable 12,300 increase Salaries payable Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be dea 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 ook Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Revenues Expenses: Selected Year-End Balance Sheet Data $ 105,000 Accounts receivable decrease Purchased a machine for cash $ 27,000 20,000 70,000 Salaries payable increase 25,000 30,000 Interest payable decrease 13,000 Salaries expense Utilities expense nt Depreciation expense 32,600 Interest expense 8,500 rint Net loss $ (36,100) rences Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be d Statement of Cash Flows (partial) Cash flows from operating activities-indirect method 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 $ 0