The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales $1,677,000 Cost of goods sold 821,730 Gross profit 855,270 Operating expenses Salaries expense $229,749 Depreciation expense 40,248 Rent expense 45,279 Amortization expenses-Patents 5,031 Utilities expense 18,447 338,754 Gain on sale of equipment 516,516 6,708 Net income $ 523,224 it Accounts receivable Inventory $27,950 increase 10,325 increase Accounts payable Salaries payable $15,000 decrease. 5,850 decrease D nces 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 Adjustments to reconcile net income to net cash provided by operating activities. Income statement items not affecting cash i Changes in current conrating assets and liabilities