Portions of the financial statements for a company are provided below. Income Statement Fo the year ended December 31, Year 2 Net sales $1,575,000 Expenses: Cost of goods sold $960,000 Operating expenses 470,000 Depreciation expense 41,000 Income tax expense 31,000 Total expenses 1,502,000 Net income $ 73,000 Selected Balance Sheet Data December 31 Cash Accounts receivable Inventory Prepaid rent Accounts payable 17 Income tax payable Year 2 $93,000 46,900 66,000 2,100 36,000 4,100 Year 1 $80,500 53,500 50,500 3,200 32,500 5,500 Increase (I) or Decrease (D) $12,500 (1) 6,600 (D) 15,500 (I) 1,100 (D) 3,500 (I) 1,400 (D) Save & Exit Submit 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 record net income to ne cash flows from operating activities Not tower operating activities