Question: help me complete chart Using the following income statement and additional year-end information. $1,828,000 991,000 837,000 SONAD COMPANY Income Statement For Year Ended December 31

Using the following income statement and additional year-end information. $1,828,000 991,000 837,000 SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $245,535 Depreciation expense 44,200 Rent expense 49,600 Amortization expenses-Patents 4,200 Utilities expense 18,125 361,660 475,340 6,200 $ 481, 540 Gain on sale of equipment Net Income Accounts receivable Inventory $30,500 Increase 25,000 increase Accounts payablo Salarios payable $12,500 decrease 3,500 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 flows from operating activities Receipts from customers $ 1,797,500 Payments for inventory (1,028,500) Payments for salaries (249,035) Payments for rent (49,600) Payments for utilities (18,125) $ 452,240
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