The following income statement and additional year-end information is provided. Sints SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $274,959 Depreciation expense 48,168 Rent expense 54,189 Amortization expenses-Patents 6,021 Utilities expense 22,077 $2,007,000 983, 430 1,023,570 Skipped eBook References Gain on sale of equipment Net income 405,414 618, 156 8,028 626,184 $ Accounts receivable Inventory $40,650 increase 39,925 increase Accounts payable Salaries payable $19,900 decrease 2,680 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 flows from operating activities Prev 1 of 2 Next > MacBook Pro and Exercise 16-6 0 Saved Prepare the operating activities section of the statement of cash flows using the in 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