The following income statement and additional year-end information is provided. Sales Cost of goods sold Gross profit SONAD COMPANY Income Statement For Year Ended December 31 Operating expenses Salaries expense Depreciation expense Rent expense Amortization expenses-Patents Utilities expense Gain on sale of equipment Net income $ 245,535 44,200 49,600 4,200 18,125 $ 1,828,000 991,000 837,000 361,660 475,340 6, 200 $ 481,540 $ 30,500 increase Accounts payable 25,000 increase Salaries payable Accounts receivable Inventory Prepare the operating activities section of the statement of cash flows using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign. $ 12,500 decrease 3,500 decrease