The following income statement and additional year-end information is provided. $ 2,174,000 1,065,260 1,108,740 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $ 297,838 Depreciation expense 52,176 Rent expense 58,698 Amortization expenses-Patents 6,522 Utilities expense 23,914 Gain on sale of equipment Net income 439, 148 669,592 8,696 $ 678,288 Accounts receivable $ 17,400 increase Accounts payable $ 13, 475 decrease Inventory 11,425 increase Salaries payable 4,450 decrease Prepare the operating activities section of the statement of cash flows using the Indirect method (Amounts to indicated with a minus sign.) Answer is complete but not entirely correct. Statement of Cash Flows (partial) Cash flows from operating activities Answer is complete but not entirely correct. $ 678,288 Statement of Cash Flows (partial) Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Depreciation expense Amortization expense-Patents Gain on sale of equipment 52,176 6,522 8,696 Changes in current operating assets and liabilities Increase in accounts receivable Increase in inventory Decrease in accounts payable Decrease in salaries payable 10,600 12,175 15,800 4,300 Net cash provided by operating activities $ 788,557