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 $244,545 Depreciation expense 42,840 Rent expense 48, 195 Amortization expenses-Patents 5,355 Utilities expense 19,635 $1,785,000 874,650 910,350 Gain on sale of equipment Net income 360,570 549,780 7,140 $ 556,920 Accounts receivable Inventory $48, 150 increase 31,850 increase Accounts payable Salaries payable $15,325 decrease 1,600 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.) 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