Using the following income statement and additional year-end information. $1,703,000 834,470 868,530 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $233,311 Depreciation expense 40,872 Rent expense 45,981 Amortization expenses-Patents 5,109 Utilities expense 18,733 Gain on sale of equipment Net income 344,006 524,524 6,812 $ 531,336 Accounts receivable Inventory $22,950 increase 37,225 increase Accounts payable Salaries payable $10,925 decrease 1,700 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 Sales $ Cost of goods sold Salaries expense Depreciation expense Rent expense Amortization expenses-Patents 1,703,000 (834,470) (233,311) (40,872) (45,981) (5,109) (18,733) 6,812 531,336 Utilities expense Gain on sale of equipment $