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 $ 1,568,000 768,320 799,680 Gross profit Operating expenses Salaries expense Depreciation expense Rent expense Amortization expenses-Patents Utilities expense Gain on sale of equipment $ 214,816 37,632 42,336 4,704 17,248 316,736 482,944 6,272 Net income Accounts receivable Inventory $ 489,216 $ 34,900 increase Accounts payable 23,700 increase Salaries payable $ 11,150 decrease 2,450 decrease 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.) 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 $ 0