The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 $2,008,000 983,920 1,024,080 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $275,096 48,192 54,216 Depreciation expense Rent expense Amortization expenses-Patents Utilities expense 6,024 22,088 405,616 618,464 Gain on sale of equipment 8,032 $ 626,496 Net income $8,100 decrease 2,650 decrease Accounts payable Accounts receivable $40, 300 increase 25,275 increase Salaries payable Inventory Prepare the operating activities section of the statement of cash flows using the indirect method. (Amoun 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 3 of 6