The following income statement and additional year-end information is provided. $ 2,245,000 1,100,050 1,144,950 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $ 307,565 Depreciation expense 53,880 Rent expense 60,615 Amortization expenses-Patents 6,735 Utilities expense 24,695 Gain on sale of equipment Net income 453,490 691, 460 8,980 $ 700,440 Accounts receivable $ 45,650 increase Accounts payable $ 13,900 decrease Inventory 31,600 increase Salaries payable 4,300 decrease Prepare the operating activities section of the statement of cash flows using the direct method (Amounts to be deducted st indicated with a minus sign.) Statement of Cash Flows (Partial) Cash flows from operating activities $ BE