The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales $ 1,937,000 Cost of goods sold 949,130 Gross profit 987,870 Operating expenses Salaries expense $ 265,369 Depreciation expense 46,488 Rent expense 52,299 Amortization expensesPatents 5,811 Utilities expense 21,307 391,274 596,596 Gain on sale of equipment 7,748 Net income $ 604,344 Accounts receivable $ 17,900 increase Accounts payable $ 8,075 decrease Inventory 10,025 increase Salaries payable 1,300 decrease Prepare the operating activities section of the statement of cash flows using the direct method