Using the following income statement and additional year-end information. SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold $1,502,000 735,980 Gross profit Operating expenses 766,020 Salaries expense $205,774 Depreciation expense 36,048 Rent expense 40,554 Amortization expenses-Patents 4,506. Utilities expense 16,522 303,404 Gain on sale of equipment 462,616 6,008 Net income $ 468,624 Accounts receivable Inventory $44,550 increase 33,850 increase Accounts payable Salaries payable $15,350 decrease 2,750 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