The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales $ 2,091,000 Cast of goods sold 1,024,590 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 1,066,410 $ 286,467 50,184 56,457 6,273 23,001 422,382 644,028 8,364 $ 652,392 $ 8,250 decrease 5,300 decrease $ 28,250 increase Accounts payable 28,375 increase Salaries payable 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 Net income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Depreciation expense $ 652,392 < Prev 17 of 25 Next >