Exercise 12-18B Direct: Cash flows from operating activities LO P5 Using the following income statement and additional year end Information $1,529.000 2210 505290 SONAD COMPANY Incon Statement For Year Ended December Sales Cost of goods sold Gross profit Operating expenses Salaries expense Depreciation expense Rent expense Amortization expenses-Patents Utilities expense $216,323 32,896 42,633 4,737 12369 Prvit Gain on sale of equipment Net Income 218.99 HON2 636 S4492648 ferences Accounts receivable Inventory $16.00 e 31975 inch Accounts payable Salaries $12.925 dec 10 decne Prepare the operating activities section of the statement of cows using the dire method Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows Partisi Cash flows from operating activities