The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales $2,486,000 Cost of goods sold 1,218,140 Gross profit 1,267,860 Operating expenses Salaries expense $340, 582 Depreciation expense 59,664 Rent expense 67,122 Amortization expenses-Patents 7,458 Utilities expense 27,346 502,172 765,688 Gain on sale of equipment 9,944 Net income $ 775, 632 Accounts receivable Inventory $36,950 increase 26,600 increase Accounts payable Salaries payable $8,025 decrease 3,950 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