Exercise 12-4 (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 Cost of goods sold Gross profit Operating expenses Salaries expense Depreciation expense Rent expense Anortization expenses-Patents Utilities expense Gain on sale of equipment. Net income $1,853,000907,970945,030 Accounts receivable Inventory $13,450 increase Accounts payable $15,975 decrease 26,075 increase Salaries payable 5,150 decrease Prepare the operating activities section of the statement of cash flows using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign