The following income statement and additional year-end information is provided 5 1,854,000 908,460 945,540 SOKAD COMPANY Income Statement TO Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $ 233,998 Depreciation expense 44,496 Hent expense 50,058 Amortization expenses-Patents 5.562 Utilities expense 20.394 Gain on sale of equipment Net Income 374.500 571,032 2416 $570.40 Accounts receivable $ 40,750 Increase Accounts payable $ 13,450 decrease Inventory 19,475 increase salaries payable 3,150 decrease Prepare the operating activities section of the statement of cash flows using the direct method (Amounts to be deducted should be indicated with a minus sign) Statement of Cash Flows (Partia Cash flows from operating activities 0