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Help Problem 11-6A Calculate operating activities direct method (LO11-7) Portions of the financial statements for Alliance Technologies are provided below. Incone Statement 31, 2021 $297,000

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Help Problem 11-6A Calculate operating activities direct method (LO11-7) Portions of the financial statements for Alliance Technologies are provided below. Incone Statement 31, 2021 $297,000 Cost of goods sold Operating e $177,000 52,000 15,200 18,000 Income tax expense 262.200 34,800 IES Selected Balance Sheet Data 31, 2021 to December 31, 2020 Decrease in accounts reccivable Decrease in prepaid rent Decrease in accounts payable s 5,200 12,200 8,200 4,200 7,200 16,800 tory Increase in income tax payable Required Prepare the operating activities section of the statement of cesh fiows for Alliance Technologies using the d outflows as negative amounts.) rect method. (Li Drow Required: Prepare the operating activities section of the statement of cash flows for Allian outflows as negative amounts.) ok ALLIANCE TECHNOLOGIES Statement of Cash Flows (partial) For the Year Ended December 31, 2021 nces Cash Flows from Operating Activities Net cash flows from operating activities

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