The following income statement and additional year-end information is provided SONAD COMPANY Income Statement For Year Ended December 31 Sales $ 2,416,000 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 Accounts receivable Inventory $ 330,992 57,984 65,232 1,183,840 1,232,160 7,248 26,576 488,032 744,128 9,664 $753,792 $ 30,550 increase Accounts payable 38,875 increase Salaries payable $9,275 decrease 4,150 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 Depreciation expense