The following income statement and additional year-end information is provided. $1,577,000 772, 730 804,270 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $216,049 Depreciation expense 37,848 Rent expense 42,579 Amortization expenses-Patents 4,731 Utilities expense 17,347 Gain on sale of equipment Net income 318,554 485,716 6,308 492,024 $ Accounts receivable Inventory $26, 200 increase 18,375 increase Accounts payable Salaries payable $8,000 decrease 2,800 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