Refer to the information provided in P11-3A for Alliance Technologies. P11-3 Portions of the financial statements for

Question:

Refer to the information provided in P11-3A for Alliance Technologies.
P11-3
Portions of the for Alliance Technologies are provided below.

ALLIANCE TECHNOLOGIES
Selected Balance Sheet Data
December 31, 2012, compared to December 31, 2011
Decrease in accounts receivable ................................$ 6,000
Increase in inventory .............................................13,000
Decrease in prepaid rent ...........................................9,000
Increase in operating expenses payable .........................5,000
Decrease in accounts payable .....................................8,000
Increase in income tax payable ..................................20,000
Required:
Prepare the operating activities section of the statement of cash flows for Alliance Technologies using the direct method.

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