Using the following income statement and additional year-end information. SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $304,140 Depreciation expense 53,280 Rent expense 59,940 Amortization expenses-Patents 6,660 Utilities expense 24,420 $2,220,000 1,087,800 1,132,200 Gain on sale of equipment Net income 448,440 683,760 8.880 692,640 Accounts receivable Inventory $44,350 Increase 17,575 increase Accounts payable Salaries payable $11,650 decrease 2.600 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 DAN Alau