The following income statement and additional year-end Information is provided. $1,503,000 736,470 766,530 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $285,911 Depreciation expense 36,072 Rent expense 40,581 Amortization expenses-Patents 4,509 Utilities expense 16,533 Gain on sale of equipment Net income 303,606 462,924 6,012 $ 468,936 Accounts receivable Inventory $37,100 increase 31,625 increase Accounts payable Salaries payable $14, 100 decrease 1,450 decrease 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 Changes in current operating assets and liabilities