The following income statement and additional year-end information is provided. $ 1,959,000 959,910 999,090 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $ 268,383 Depreciation expense 47,016 Rent expense 52,893 Amortization expenses-Patents 5,877 Utilities expense 21,549 Gain on sale of equipment 395,718 603, 372 7,836 $ 611, 208 Net income Accounts receivable Inventory $ 30,000 increase Accounts payable 34,750 increase Salaries payable $ 9,025 decrease 1,450 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 (Partial) Cash flows from operating activities