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 $ 2,382,000 1,167,180 Gross profit Operating expenses Salaries expense Depreciation expense Rent expense Amortization expenses-Patents Utilities expense Gain on sale of equipment Net income $ 326,334 1,214,820 57,168 64,314 7,146 26,202 481,164 733,656 9,528 $ 743,184 Accounts receivable Inventory $ 43,500 increase Accounts payable 22,025 increase Salaries payable $ 11,950 decrease 1,900 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.)