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 $ 338,664 Depreciation expense 59,328 Rent expense 66,744 Amortization expenses-Patents 7.416 Utilities expense 27, 192 $ 2,472,000 1,211,280 1,260,720 Gain on sale of equipment Net income 499,344 761,376 9,888 $ 771,264 inces Accounts receivable $ 30,700 increase Accounts payable $ 11,375 decrease Inventory 32,325 increase salaries payable 1.350 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 (partia) Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities Income statement les not affecting cash Changes in current operating assets and abilities