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 Cost of goods sold $1,675,000 820,750 854,250 Gross profit Operating expenses Salaries expense Depreciation expense Rent expense Amortization ex Utilities expense $229,475 40,200 45,225 5,025 18,425 338,350 515,900 6,700 Gain on sale of equipment Net income $ 522,600 Changes in current asset and current liability accounts for the year that relate to operations follow Accounts receivable Inventory $ 38,550 increase Accounts payable 10,025 decrease 2,350 decrease 23,675 increase Salaries payable 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.)