Using the following income statement and additional year-end Information $1,828.000 991, 000 837, 000 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $ 245, 535 Depreciation expense 44, 200 Rent expense 49,600 Amortization expenses-Patents 4,200 Utilities expense 18. 125 w 361,660 475, 340 6,200 481, 540 Gain on sale of equipment Net income Accounts receivable Inventory $30, 500 increase 25,000 increase Accounts payable Salaries payable $12.500 decrease 3,500 decrease Check my we 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 Receipts from customers Salaries expense Payments for rent Utilities expense Net cash provided by operating activities