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, 2015 Sales $ 1,521,000 Cost of goods sold 745,290 Gross profit 775,710 Operating expenses Salaries expense $ 208,377 Depreciation expense 36,504 Rent expense 41,067 Amortization expensesPatents 4,563 Utilities expense 16,731 307,242 468,468 Gain on sale of equipment 6,084 Net income $ 474,552 Changes in current asset and current liability accounts for the year that relate to operations follow. Accounts receivable $ 20,900 increase Accounts payable $ 8,500 decrease Inventory 18,875 increase Salaries payable 1,400 decrease Use the direct method to prepare only the cash provided or used by operating activities section of the statement of cash flows for this company. (Amounts to be deducted should be indicated with a minus sign.)