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 expense $251,943 Depreciation expense 44,136 Rent expense 49,653 Amortization expenses-Patents 5,517 Utilities expense 20, 229 $1,839,000 901,110 937,890 Gain on sale of equipment Net income 371, 478 566,412 7,356 573, 768 $ Accounts receivable Inventory $26,250 increase 26,900 increase Accounts payable Salaries payable $10,650 d 1,550 d 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.) 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 $ 0