The following income statement and information about changes in noncash current assets and current liabilities are reported. 2,227,000 1,091,230 1,135,770 SONAD COMPANY Income Statement For Year Ended December 31, 2017 Sales Cost of goods sold Gross profit Operating expenses Salaries expense 305,099 Depreciation expense 53,448 Rent expense 60,129 Amortization expenses-Patents 6,681 Utilities expense 24,497 449.854 685,916 3.08 Gain on sale of equipment Net Income 694,824 Start neration follow 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 Gain on sale of equipment 685,916 Net income 594.824 Changes in current asset and current liability accounts for the year that relate to operations follow. Accounts receivable Inventory $ 25,950 increase 23,775 increase Accounts payable Salaries payable 11,75 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 abilitie