The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 $ 2,013,000 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 Accounts receivable Inventory $ 275,781 986,370 1,026,630 48,312 54,351 6,039 22,143 406,626 620,004 8,052 $ 628,056 $ 46,750 increase Accounts payable 15,500 increase Salaries payable $ 8,050 decrease 2,000 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