Statement of Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities Exercise 12-4 Indirect: Cash flows from operating activities LO P2 The following income statement and additional year-end Information is provided. $2,493,000 1,222,570 1,271,439 SONAD COMPANY Income Statement Por Year Ended December 31 Sales Coat of goods sold Gross profit Operating expenses Salaries expense $341, 541 Depreciation expenne 59,832 Rent expense 67,311 Amortization expenses--Patents 7,479 Utilities expense 27,423 Gain on sale of equipment Not Income 503,586 767,844 9.972 $ 777,816 Accounts receivable Inventory $31.800 Increase 29,500 Increase Accounts payable salaries payable $11.500 decrease 3,850 decrease Prepare the operating activities section of the statement of cash flows using the indirect method (Amounts to be deducted should be Indicated with a minus sign.)