Portions of the financial statements for Alliance Technologies are provided below ALLIANCE TECHNOLOGIES Income Statement or the year ended December 31, 2018 Net sales Expenses S 303,000 Cost of goods sold Operating expenses Depreciation expense Income tax expense 183,000 58,000 15,800 21,000 Total expenses 277,800 Net income S 25,.200 ALLIANCE TECHNOLOGIES Selected Balance Sheet Data December 31, 2018, compared to December 31, 2017 Decrease in accounts receivable Increase in inventory Decrease in prepaid rent Increase in salaries payable Decrease in accounts payable Increase in income tax payable S 5800 12 800 8800 4800 7 800 9.200 Required: Prepare the operating activities section of the statement of cash tlows for Allance Technologpes using the indirect method. (List cash outfhlows and any decrease in cash as negativ 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 acivities Net cash fows from oper ating activities