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GOULD COMPANY Income statement Per Year Ended December 31 Sales $1,955,000 Cost of goods sold 957,950 Gross profit 997,050 Operating expenses Salaries expense $267,335 Depreciation expense 46,920 Rent expense 52,?05 Amnrtization expensesPatents 5,865 Utilities expense 21,505 394,910 602,140 Gain on sale of equipment 7,020 Net income 5 509.95\" Accounts receivable $11,600 increase Accounts payable $11,000 decrease Inventory 29,950 increase Salaries payable 5,550 decrease Prepare the operating activities section of the statement of cash flows using the indirect method. {Amounts to be deducted should be indicated with a minus Sign.) Cash ows from operating activities _ Adjustments to reconcile net income to net cash provided by operating activities Income statement items not effecting cash