The following income statement and additional year-end information is provided $ 2,437,000 1,194,130 1,242,870 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $ 333,869 Depreciation expense 58,488 Rent expense 65,799 Amortization expenses-Patents 7,311 Utilities expense 26,807 Gain on sale of equipment Net income 492,274 750, 596 9,748 $ 769, 344 Accounts receivable $ 48,750 increase Accounts payable $ 8,975 decrease Inventory 27,458 increase salaries payable 4,950 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) Help be indicated with a minus sign.) Save & Exit Submit Statement of Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to not cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities 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 Gross profit Operating expenses Salaries experise $ 333,869 Depreciation expense 58,488 Rent expense 65,799 Amortization expenses-Patents 7,313 Utilities expense 26,807 $ 2,437.eee 1,194,130 1,242,870 492,274 758,596 9,748 $ 762,344 Gain on sale of equipment Net income Accounts receivable Inventory $ 48,75 increase Accounts payable 27,450 increase Salaries payable $ 8,975 decrease 4,950 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) Help Save & E Submit 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 $