Check my 5 Exercise 12-4 Indirect: Cash flows from operating activities LO P2 2 points The following income statement and additional year-end information is provided. SOMAD COMPANY Income Statement For Year Ended December 31 Balen $1,828,000 Cost of goods sold 991.000 Grons profit 037,000 Operating expenses salaries expense $245,535 Depreciation expens 44.200 Rent expense 49.600 Amortization expenses-Patents 4.200 Utilities expense 18.125 362,660 475,340 Gain on sale of equipment 6.200 Het Income References $30,500 ncrease 25.000 here Accounts receivable Inventory Meets payable Salarios payable $12.500 deeresse 3.500 derde Prepare the operating activities section of the statement of cash flows using the incivect method (Amounts to be deducted should be indicated with a minus sign.) Me GIO SO FA SE % 9 7 8 5 indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities 2 points Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash References Changes in current operating assets and abilities $ 0 Me Graw SC BO DOO OF ** % 5 & 7 3 4