Exercise 12-18B Direct: Cash flows from operating activities LO P5 Using the following income statement and additional year-end Information SONAD CONPANY Income Statement Yor Year Ended December 31 Sales Coat of goods sold Gross profit Operating expenses Salaries expense $303, 455 Depreciation expense 53, 160 Rent expense 59,805 Amortization expenses-Patents 6,645 Udlities expense 24, 365 $2,215.000 1,005, 350 1, 129, 650 Gain on sale of equipment Het income 147, 430 682.220 3,860 5 691, 080 Accounta receivable Inventory $27,050 increase 32,150 increase Accounts payable Salaries payable $14.425 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 flowers from operating activities Depreciation expense $ Amortization expenses-Patents Gain on sale of equipment Increase in Accounts receivable Increase in Inventory Decrease in Accounts payable Decrease in Salaries payable 53, 160 6,645 6,860) (27,050) (32,150) (14.425) (2.800) Het cash provided by operating acties 19 (25.480)