The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 $ 2,214,000 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 $ 303,318 53,136 1,084,860 1,129,140 59,778 6,642 24,354 447,228 681,912 8,856 $ 698,768 $ 8,925 decrease 2,300 decrease $ 20,750 increase Accounts payable 10,600 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.)