The following income statement and additional year-end informations provided. $ 1,759,000 861,910 897,090 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $ 240,983 Depreciation expense 42,216 Rent expense 47,493 Amortization expenses-Patents 5,277 Utilities expense 19,349 Gain on sale of equipment Net income 355,318 541,772 7,036 $ 548,808 Accounts receivable Inventory $ 45,400 increase Accounts payable 23,025 increase Salaries payable $ 8,875 decrease 2,500 decrease Prepare the operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (Partial) Cash flows from operating activities