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 $ 292,084 Depreciation expense 51,168 Rent expense 57,564 Amortization expenses-Patents 6,396 Utilities expense 23,452 $ 2,132,000 1,044,680 1,087,320 Gain on sale of equipment Net income 430,664 656,656 8,528 $ 665, 184 Accounts receivable Inventory $ 19,200 increase Accounts payable 32,525 increase Salaries payable $ 9,025 decreas 1,850 decreas 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