The following income statement and additional year-end information is provided. $ 2, 421,000 1,186, 290 1, 234, 710 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $ 331, 677 Depreciation expense 58, 104 Rent expense 65, 367 Amortization expenses-Patents 7,263 Utilities expense 26, 631 Gain on sale of equipment Net income 489, 042 745, 668 9,684 $ 755, 352 Accounts receivable Inventory $ 16,300 increase Accounts payable 39, 125 increase Salaries payable $ 13,050 decrease 3, 600 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) flows from operating activities $ 0