The following income statement and additional year-end information is provided. Sales Cost of goods sold Gross profit Operating expenses SONAD COMPANY Income Statement For Year Ended December 31 Salaries expense Depreciation expense Rent expense Amortization expenses-Patents Utilities expense Gain on sale of equipment Net income Accounts receivable Inventory Statement of Cash Flows (Partial) Cash flows from operating activities $ 210,569 36,888 41,499 4,611 16,907 $ 26,650 increase Accounts payable 18,075 increase Salaries payable $ $ 1,537,000 753,130 783,870 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.) 310,474 473,396 6,148 $ 479,544 0 $ 14,050 decrease 1,200 decrease

The following income statement and additional year-end information is provided. 5.14,es0decrease1,200decresse 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.) The following income statement and additional year-end information is provided. 5.14,es0decrease1,200decresse 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.)