The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement Sales Cost of goods sold Gross profit Operating expenses Salaries expense For Year Ended December 31 $ 1,514,000 888,860 925,140 Depreciation expense Rent expense Amortization expenses-Patents Utilities expense Gain on sale of equipment Tiet Income $ 248,518 43,536 48,978 5,442 19,954 366,428 558,712 7,356 $565,960 Accounts receivable Inventory $ 15,800 Increase Accounts payable 15,100 increase salaries payable $ 35,250 decrease 3,150 decrease Prepare the operating activities section of the statement of cash flows using the indirect method Note: Amounts to be deducted should be indicated with a minus sign. Statement of Cash Flows (partial) Cash flows from operating activities Accounts receivable Inventory $ 15,800 increase Accounts payable 15,100 increase Salaries payable $ 13,250 decrease 3,150 decrease Prepare the operating activities section of the statement of cash flows using the indirect method Note: 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