The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales $ 1,931,000 Cost of goods sold 946,190 Gross profit 984,810 Operating expenses Salaries expense Depreciation expense Rent expense Amortization expenses-Patents Utilities expense Gain on sale of equipment Net income Accounts receivable Inventory $ 264,547 46,344 52,137 5,793 21,241 390,062 594,748 7,724 $ 602,472 $ 10,350 decrease 2,050 decrease $ 18,950 increase Accounts payable 26,875 increase Salaries payable 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.)