The following income statement and additional year-end information is provided. $ 2,361,000 1.156,898 1,204, 110 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $ 323,457 Depreciation expense 56,664 Rent expense 63,747 Amortization expenses-Patents 7,083 Utilities expense 25,971 Gain on sale of equipment Net income 476,222 727,188 9.444 $ 736,632 Accounts receivable $ 26,400 Increase Accounts payable $ 8,075 decrease Inventory 19,975 increase salaries payable 1,600 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