The following income statement and additional year-end information is provided. $1,579,000 773, 710 805, 290 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $216, 323 Depreciation expense 37,896 Rent expense 42,633 Amortization expenses-Patents 4,737 Utilities expense 17,369 Gain on sale of equipment Net income 318,958 486,332 6,316 492,648 S Accounts receivable Inventory $40,700 increase 27,900 increase Accounts payable Salaries payable $13,575 decrease 4,600 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 Accounts receivable Inventory $40,700 increase 27,900 increase Accounts payable Salaries payable $13,575 decrease 4,600 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