Using the following income statement and additional year-end information. $1,820,000 891,800 928,200 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $249,340 Depreciation expense 43,680 Rent expense 49,140 Amortization expenses-Patents 5,460 Utilities expense 20,020 Gain on sale of equipment Net income 367,640 560, 560 7,280 567,840 $ Accounts receivable Inventory $45,000 increase 25,600 increase Accounts payable Salaries payable $15,175 decrease 5,950 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