The following income statement and additional year-end information is provided. SOMAD COMPANY Income Statement For Year Ended December 31 Sales $ 1,362,000 Cost of goods sold 912,380 Gross profit 949,620 Operating expenses Salaries expense $ 255,094 Depreciation expense 44,688 Rent expense 50,274 Amortization expenses-Patents 5,586 Utilities expense 20,482 376,124 573,496 Gain on sale of equipment 2,448 Net Income $ 580,944 Accounts receivable I 47,300 increase Accounts payable Inventory 16,525 increase salarios payable $ 15,925 decrease 2.300 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.) Answer is not complete. Statement of Cash Flows (Partial) Cash flows from operating activities Receipts from customers Payments for salaries Payments for rent Payments for utilities Payments for inventory 30 255,094 50,274 20,482 Net cash provided by operating activities S $ 325,850