Portions of the financial statements for Alliance Technologies are provided below.

ALLIANCE TECHNOLOGIES Income Statement For the year ended December 31, 2018
Net sales		$	302,000
Expenses:
Cost of goods sold	$182,000
Operating expenses	57,000
Depreciation expense	15,700
Income tax expense	20,500
Total expenses			275,200
Net income		$	26,800

ALLIANCE TECHNOLOGIES
Selected Balance Sheet Data
December 31, 2018, compared to December 31, 2017
Decrease in accounts receivable	$ 5,700
Increase in inventory	12,700
Decrease in prepaid rent	8,700
Increase in salaries payable	4,700
Decrease in accounts payable	7,700
Increase in income tax payable	18,800

Required: Prepare the operating activities section of the statement of cash flows for Alliance Technologies using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)

ALLIANCE TECHNOLOGIES Statement of Cash Flows (partial) For the Year Ended December 31, 2018 Cash Flows from Operating Activities: Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities