Portions of the financial statements for a company are provided below. Income Statement For the year ended December 31, Year 2 Net sales Expenses: Cost of goods sold Operating expenses Depreciation expense Total expenses Income tax expense Net income $1,950,000 $1,110,000 620,000 56,000 46,000 1,832,000 $ 118,000 Selected Balance Sheet Data December 31 Increase (I) or Cash Year 2 $108,000 Year 1 Decrease (D) $88,000 $20,000 (I) Accounts receivable 45,600 52,000 6,400 (D) Inventory 81,000 58,000 23,000 (I) Prepaid rent 3,600 6,200 2,600 (D) Accounts payable 51,000 40,000 11,000 (I) Income tax payable 5,600 13,000 7,400 (D) Required: Prepare the operating activities section of the statement of cash flows for the company using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) Statement of Cash Flows (partial) For the Year Ended December 31, Year 2 Cash flows from operating activities: Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities $ SA 0