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 $ 245,504 $ 1,792,000 878,080 913,920 Depreciation expense Rent expense Amortization expenses-Patents Utilities expense 43,008 48,384 5,376 19,712 361,984 551,936 Gain on sale of equipment 7,168 Net income $ 559,104 Accounts receivable Inventory $ 33,000 increase Accounts payable 33,325 increase Salaries payable $9,775 decrease 1,200 decrease Prepare the operating activities section of the statement of cash flows using the direct method. ( indicated with a minus sign.) Answer is not complete. Statement of Cash Flows (Partial) Cash flows from operating activities Receipts from customers Payments for inventory Payments for rent Payments for salaries Payments for utilities $ 1,792,000 (33,325) (48,384) (245,504) $ Net cash provided by operating activities 1,464,787