The following income statement and additional year-end information is provided. $1,847,000 905,030 941,970 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $253,039 Depreciation expense 44,328 Rent expense 49,869 Amortization expenses-Patents 5,541 Utilities expense 20,317 373,094 568,876 7,388 $ 576,264 Gain on sale of equipment Net income Accounts receivable Inventory $40,650 increase 25,750 increase Accounts payable Salaries payable $14,550 decrease 1,100 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