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 $327,841 Depreciation expense 57,432 Rent expense 64,611 Amortization expenses-Patents 7,179 Utilities expense 26,323 $2,393, 000 1,172,570 1,220, 430 Gain on sale of equipment Net income 483,386 737,044 9,572 $ 746,616 Accounts receivable Inventory $23,900 increase 20,950 increase Accounts payable Salaries payable $9,600 decrease 1,000 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 $