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 $328,888 Depreciation expense 57,600 Rent expense 64,880 Amortization expenses-Patents 7,200 Utilities expense 26,400 $2,4ee, eee 1,176, 1,224,eee 484,800 739.289 Gain on sale of equipment Net income 9,600 $ 748,800 Accounts receivable Inventory $19, 200 increase 32,525 increase Accounts payable salaries payable $10,200 decrease 2,200 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 / / / V / / / Adjustments to reconcile net income to net cash provided by Income statement items not affecting TEL / / / / / / / vaan on sale of equipment Net income 9,600 $ 748,800 Accounts receivable Inventory $19, 200 increase 32,525 increase Accounts payable Salaries payable $10,209 decrease 2,200 decrease Prepare the operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should indicated with a minus sign.) Statement of Cash Flows (partial) Cash lows 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