The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold. $ 2,448,000 1,199,520 Gross profit 1,248,480 Operating expenses Salaries expense $ 335,376 Depreciation expense Rent expense Amortization expenses-Patents. Utilities expense Gain on sale of equipment 58,752 66,096 7,344 26,928 494,496 Net income 753,984 9,792 $ 763,776 Accounts receivable Inventory $ 45,150 increase Accounts payable 11,525 increase Salaries payable. $ 11,125 decrease. 2,300 decrease Prepare the operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (Partial) Cash flows from operating activities $