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 $ 2,363,000 1,157,870 Gross profit Operating expenses Salaries expense Depreciation expense Rent expense Amortization expenses-Patents Utilities expense 1,205,130 $ 323,731 56,712 63,801 7,089 25,993 477,326 ces Cain on sale of equipment Net income 727,804 9,452 $ 737,256 Accounts receivable. Inventory $ 42,650 increase Accounts payable 22,525 increase Salaries payable $ 10,275 decrease 3,850 decrease Prepare the operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be Indicated with a minus sign.) Statement of Cash Flows (Partial) Cash flows from operating activities