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 Gross profit Operating expenses Salaries expense Depreciation expense Rent expense Amortization expenses-Patents Utilities expense $ 1,828,000 991,000 837,000 $ 245,535 44,200 49,600 4,200 18,125 361,660 475,340 6,200 Gain on sale of equipment Net income $ 481,540 Accounts receivable Inventory $ 30,500 increase Accounts payable. 25,000 increase Salaries payable $ 12,500 decrease 3,500 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 < Prev 2 of 8 Next >