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				$	2,117,000
Cost of goods sold					1,037,330
Gross profit					1,079,670
Operating expenses
Salaries expense	$	290,029
Depreciation expense		50,808
Rent expense		57,159
Amortization expensesPatents		6,351
Utilities expense		23,287			427,634
					652,036
Gain on sale of equipment					8,468
Net income				$	660,504

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

Accounts receivable	$	33,500		increase		Accounts payable	$	10,500		decrease
Inventory		39,625		increase		Salaries payable		5,700		decrease

Prepare only the cash flows from operating activities section of the statement of cash flows using the indirect method.

Statement of Cash Flows (partial)

Cash flows from operating activities

Adjustments to reconcile net income to net cash provided by operating activities

Income statement items not affecting cash

Changes in current operating assets and liabilities