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 Gain on sale of equipment Net income $ 331,814 58,128 $ 2,422,000 1,186,780 1,235,220 65,394 7,266 26,642 489,244 745,976 9,688 $ 755,664 Accounts receivable Inventory $ 11,650 increase Accounts payable 38,725 increase Salaries payable $ 12,525 decrease 1,400 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 $ 0