Using the following income statement and additional year-end information 1 1 167 points $1,796,000 880,040 915, 960 Slipped SOMAD COMPANY Income statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $246,052 Depreciation expense 43,164 Rent expense 48,492 Amortization expenses-Patents 5,388 Utilities expense 19.756 Gain on sale of equipment Net income 362,792 553,168 7.184 $ 560,352 Accounts receivable Inventory $26.950 increase 13,100 Increase Accounts payable Salaries payable $ 8,325 decrease 4,300 decrease Prepare the operating activities section of the statement of cash flows using the direct method (Amounts to be deducted indicated with a minus sign.) Statement Partial 1 1 Accounts receivable Inventory $26,950 Increase 13,100 Increase Accounts payable Salaries payable $ 8,325 decrease 4,300 decrease 167 points Prepare the operating activities section of the statement of cash flows using the direct method (Amounts to be deducted should b indicated with a minus sign.) Sloped Statement of Cash Flown (Partial) Cash flows from operating activities 0