The following income statement and additional year-end information is provided. $1,897,000 929,530 967, 470 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $259,889 Depreciation expense 45,528 Rent expense 51,219 Amortization expenses-Patents 5,691 Utilities expense 20,867 Gain on sale of equipment Net income 383,194 584,276 7,588 591,864 $ Accounts receivable Inventory $36,750 increase 26,425 increase Accounts payable Salaries payable $9,675 decrease 4,350 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 Net income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Amortization expense-Patents Accounts receivable Inventory $36, 750 increase 26,425 increase Accounts payable Salaries payable $9,675 decrease 4,350 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 Net income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Amortization expense Patents Changes in current operating assets and liabilities 0