Using the following income statement and additional year-end information SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $ 276,329 Depreciation expense 48,408 Rent expense 54,459 Amortization expenses-Patents 6,051 Utilities expense 22,187 $2,017,080 988,330 1,028,670 Gain on sale of equipment Net income 407,434 621, 236 8,068 $ 629,304 Accounts receivable Inventory $45,850 increase 21,275 increase Accounts payable Salaries payable $19,950 decrease 2,800 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