The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 $ 2,057,000 1,007,930 1,049,070 Sales Cost of goods sold Gross profit Operating expenses Salaries expense Depreciation expense Rent expense Amortization expenses-Patents Utilities expense Gain on sale of equipment Net income $ 281,809 49,368 55,539 6,171 22,627 415,514 633,556 8,228 $ 641,784 Accounts receivable Inventory $ 19,450 increase Accounts payable 14,475 increase Salaries payable 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.