The following income statement and information about changes in noncash current assets and current liabilities are reported. $2,216,000 1,085, 840 1,130,160 SONAD COMPANY Income Statement For Year Ended December 31, 2017 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $303,592 Depreciation expense 53,184 Rent expense 59,832 Amortization expenses-Patents 6,648 Utilities expense 24,376 Gain on sale of equipment Net income 447,632 682,528 8,864 $ 691,392 Changes in current asset and current liability accounts for the year that relate to operations follow. Accounts receivable Inventory $ 24,500 increase 18,950 increase Accounts payable Salaries payable $ 15,500 decrease 3,700 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 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