California Corp. uses the Indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet California Corp Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 Increase Decrease) Accounts Payable $8,000 $9,000 $1,000) Accrued Liabilities 3,000 1,500 1,500 Long-term Notes Payable 95.000 50.000 (4.000) Total Liabilities $67,000 $70,500 $(3,500) The change in Accrued Liabilities is shown as a negative cash flow in the adjustments to net income True False