The following income statement and additional year-end information is provided. Sales Cost of goods sold Gross profit Operating expenses SONAD COMPANY Income Statement For Year Ended December 31 Salaries expense Depreciation expense Rent expense Amortization expenses-Patents Utilities expense Gain on sale of equipment Net income $ 315,100 55,200 62,100 6,900 25,300 $ 2,300,000 1,127,000 1,173,000 464,600 708,400 9.200 $ 717,600 $ 39,800 increase Accounts payable 21,275 increase Salaries payable Accounts receivable Inventory Prepare the operating activities section of the statement of cash flows using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign. Statement of Cash Flows (partial) Changes in current operating assets and liabilities Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash H $ $ 14,050 decrease 1,850 decrease 0

The following income statement and additional year-end information is provided. Accounts receivable Inventory 21,275 increase Salaries payable Note: Amounts to be deducted should be indicoted with a minus sign