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The following income statement and additional year-end Information is provided. $1,824,000 893, 760 930, 240 SONAD COMPANY Income Statement For Year Ended December 31 Sales

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The following income statement and additional year-end Information is provided. $1,824,000 893, 760 930, 240 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenson Salaries expense $249,888 Depreciation expenso 43,776 Rent expense 49,248 Amortization expenses-Patents 5,472 Utilities expense 20,064 Gain on sale of equipment Net income 368, 448 561.792 7, 296 569,088 $ Accounts receivable Taventory $24,600 increase 22,775 increase Accounts payable Salaries payable $15,750 decrease 3,150 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

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