1 Portions of the financial statements for Alliance Technologies are provided below. $325,00 ALLIANCE THORAXOS Incoee Statement For the year ended December 31, 2021 Net sales Expenses: Cost of goods sold $195, eee Operating expenses 62,eee Depreciation expense 16,20 Income tax expense 23,eee Total expenses Net income 295, zee $ 28,see ALLIANCE TECHNOLOGIES Selected Balance Sheet Data December 31, 2821, compared to December 31, 282e Decrease in accounts receivable Increase in inventory Decrease in prepaid rent Increase in salaries payable Decrease in accounts payable Increase in income tax payable $ 6,20 13,280 9,200 5,209 8,28 2e, see Required: Prepare the operating activities section of the statement of cash flows for Alliance Technologies using the ind outflows and any decrease in cash as negative amounts.) Answer is not complete. S 28.800 ALLIANCE TECHNOLOGIES Statement of Cash Flows (partial) For the Year Ended December 31, 2021 Cash Flows from Operating Activities Net income Adjustments to reconcile net income to nel cash flows from operating activities Depreciation expense Decrease in prepaid rent Increase in salaries payable Increase in income tax payable Increase in inventory Decrease in accounts payable 16.200 9.200 5.200 20.800) X 13 200 6 200 OOO SIS