Exercise $16-20$B $($Static$)$ Direct: Cash flows from operating activities LO P$5$

The following income statement and additional year$-$end information is provided.

$\backslash$table$[[\backslash$table$[[$SONAD COMP$],[$Income St$],[$For Year Ended$]],\backslash$table$[[$MPANY$],[$atement$],[$December $31]],,],[$Sales$,,$$$1,828,000,],[$Cost of goods sold,,$991,000,],[$Gross profit,,$837,000,],[$Operating expenses$],[$Salaries expense,$$245,535,,],[$Depreciation expense,$44,200,,],[$Rent expense,$49,600,,],[$Amortization expenses$-$Patents,$4,200,,],[$Utilities expense,$18,125,361,660,],[$Gain on sale of equipment,,$\backslash$table$[[\backslash$table$[[475,340],[6,200]]]],],[$Net income,,$$481,540,],[$Accounts receivable,increase Accounts,payable,$$12,500$ decrease$],[$Inventory$,$increase Salaries,payable,$3,500$ decrease$]]$

Prepare the operating activities section of the statement of cash flows using the direct method. Note: Amounts to be deducted should be indicated with a minus sign.

Answer is not complete.