The following income statement and additional year-end information is provided.

SONAD COMPANY Income Statement For Year Ended December 31
Sales				$	1,778,000
Cost of goods sold					871,220
Gross profit					906,780
Operating expenses
Salaries expense	$	243,586
Depreciation expense		42,672
Rent expense		48,006
Amortization expensesPatents		5,334
Utilities expense		19,558			359,156
					547,624
Gain on sale of equipment					7,112
Net income				$	554,736

Accounts receivable	$	19,050		increase		Accounts payable	$	15,350		decrease
Inventory		20,450		increase		Salaries payable		5,100		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 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 $ 0