Exam 40 Portions of the financial statements for Software Associates are provided below. SOFTWARE ASSOCIATES Income Statement For the year ended December 31, 2021 Net sales $60.eee X 0155:18 Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net income $425, ese 127, ese 32.ee 47. See 612,280 $ 67 SOFTWARE ASSOCIATES Selected Balance Sheet Data December 31, 2021, compared to December 31, 2020 Decrease in accounts receivable $ 9,78e Decrease in inventory 12,78e Increase in prepaid rent 2,780 Decrease in salaries payable 3,78 Increase in accounts payable Increase in income tax payable 7.78 Required: Prepare the operating activities section of the statement of cash flows for Software Associates using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) SOFTWARE ASSOCIATES Statement of Cash Flows (partial) For the Year Ended December 31, 2021 Cash Flows from Operating Activities: Adjustments to reconcile net income to nel cash flows from operating activities Net cash flows from operating activities