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 $ 1,828,000 991,000 Gross profit Operating expenses Salaries expense Depreciation expense Rent expense Amortization expenses-Patents Utilities expense Gain on sale of equipment 837,000 $ 245,535 44,200 49,600 4,200 18,125 361,660 475,340 Net income 6,200 $ 481,540 Accounts receivable Inventory $ 30,500 increase Accounts payable 25,000 increase Salaries payable $ 12,500 decrease 3,500 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 Net income $ 1,797,500 < Prev 3 of 9 Next >