The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $326,334 Depreciation expense 57,168 Rent expense 64,314 Amortization expenses-Patents 7,146 Utilities expense 26,202 $2,382,000 1,167, 180 1,214,820 Gain on sale of equipment Net income 481,164 733,656 9,528 743,184 $ Accounts receivable Inventory $20,450 increase 18,250 increase Accounts payable Salaries payable $15, 300 decrease 2,200 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