Using the following income statement and additional year-end information. $1,605,000 786,450 818,550 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $219,885 Depreciation expense 38,520 Rent expense 43,335 Amortization expenses-Patents 4,815 Utilities expense 17,655 Gain on sale of equipment Net income 324,210 494,340 6,420 $ 500,760 Accounts receivable Inventory $31,400 increase 19,525 increase Accounts payable Salaries payable $11,475 decrease 4,800 decrease Prepare the operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (Partial) Cash flows from operating activities Net cash provided by operating activities 0 Inventory 19,525 increase Salaries payable 4,800 decrease Prepare the operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (Partial) Cash flows from operating activities Amortization expenses-Patents Cash paid for inventory Cash paid for rent Cash paid for salaries Net cash provided by operating activities $ 0 Prepare the operating activities section of the statement of cash flows method. (Amounts to be deducted should be indicated with a minus Statement of Cash Flows (Partial) Cash flows from operating activities Cash paid for utilities Cash received from customers Cost of goods sold Decrease in Accounts payable Decrease in Salaries payable Net cash provided by operating activities HA 0 Statement of Cash Flows (Partial) Cash flows from operating activities Depreciation expense Gain on sale of equipment Increase in Accounts receivable Increase in Inventory Rent expense Salarine aynanca Net cash provided by operating activities 0 Statement of Cash Flows (Partial) Cash flows from operating activities Increase in Inventory Rent expense Salaries expense Sales Utilities expense Net cash provided by operating activities $ 0