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 Cost of goods sold Gross profit Operating expenses Salaries expense $257,012 Depreciation expense 45,024 Rent expense 50,652 Amortization expenses-Patents 5,628 Utilities expense 20,636 $1,875,000 919,240 956,760 Gain on sale of equipment Net income 378,952 577,808 7,584 $ 585, 312 Changes in current asset and current liability accounts for the year that relate to operations follow Accounts receivable Inventory $47, 100 increase 11,050 increase Accounts payable Salaries payable $11, se decrease 4.800 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.) Statement of Cash Flows (partial) Cash flows from operating activities Accounts receivable Inventory 547,100 increase 11.050 increase Accounts payable salaries payable $11.050 decrease 4.800 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.) Statement of Cash Flows (partial) Cash flows from operating activities Not income PS 585,312 Adjustments to reconcile not income to net cash provided by operating activities Income statement soms not affecting cash Increase in accounts receivable Increase in inventory Decrease in accounts receivable Increase in inventory Changes in current operating assets and liabilities Decrease in accounts payable Decrease in salaries payable Gain on sale of equipment Amortization expense-Patents Depreciation expense Net cash provided by operating activities 585 31