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, 2013
Sales				$	1,573,000
Cost of goods sold					770,770
Gross profit					802,230
Operating expenses
Salaries expense	$	215,501
Depreciation expense		37,752
Rent expense		42,471
Amortization expenses