2 166 points Exercise 16-4 (Algo) Indirect: Cash flows from operating activities LO P2 The following income statement and additional year-end information is provided SONAD COMPANY Income Statement For Year Ended December 31. Sales ebook Cost of goods sold Goss Operating expenses salaries expense Here Depreciation expense Rest expense Amortization expenses-Patents utilities expense P Gale on sale of equipment 863,410 $231,467 40,584 45,457 18,601 520,828 6,764 $527,592 References Net Income Accounts receivable Inventory Prepare the operating activities indicated with a minus sign.) $ 43,700 Increase Accounts payable 11,900 Increase Salaries payable 5 8,800 decrease 1,350 decrease section of the statement of cash flows using the indirect method (Amounts to be deducted should be 4 Cash flows from operating activities Net income Statement of Cash Flows (partial) Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities