The following income statement and additional year-end information is provided. $ 2,281,000 1,117,690 1,163,310 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $ 312,497 Depreciation expense 54,744 Rent expense 61,587 Amortization expenses-Patents 6,843 Utilities expense 25, 091 Gain on sale of equipment Net income 460,762 702,548 9,124 $ 711,672 Accounts receivable Inventory $ 47,550 increase Accounts payable 11,000 increase Salaries payable $ 12,975 decrease 3,900 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 $ 0