The following income statement and information about changes in noncash current assets and current liabilities are reported.

SONAD COMPANY Income Statement For Year Ended December 31, 2017
Sales				$	1,907,000
Cost of goods sold					934,430
Gross profit					972,570
Operating expenses
Salaries expense	$	261,259
Depreciation expense		45,768
Rent expense		51,489
Amortization expensesPatents		5,721
Utilities expense		20,977			385,214
					587,356
Gain on sale of equipment					7,628
Net income				$	594,984

Changes in current asset and current liability accounts for the year that relate to operations follow.

Accounts receivable	$	38,050		increase		Accounts payable	$	11,500		decrease
Inventory		19,475		increase		Salaries payable		3,200		decrease

Required:

Prepare only the cash flows from operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)