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 $ 1,792,000 878,080 913,920 Salaries expense Depreciation expense Rent expense Amortization expenses-Patents $ 245,504 43,008 48,384 Utilities expense Gain on sale of equipment Net income 5,376 19,712 361,984 551,936 7,168 $ 559,104 33,325 increase Salaries payable Accounts receivable $ 33,000 increase Accounts payable. Inventory Prepare the operating activities section of the statement of cash flows using the direct method. (Amount indicated with a minus sign.) $ 9,775 decrease 1,200 decrease Statement of Cash Flows (Partial) Cash flows from operating activities Increase in Accounts receivable Increase in Inventory Increase in Accounts receivable Decrease in Salaries payable Net cash provided by operating activities 0