Portions of the financial statements for Alliance Technologies are provided below. ALLIANCE TECHNOLOGIES Statement For the year ended December 31, 2021 Net sales $297,000 Expenses: Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses $177,000 52,000 15,200 18,000 262,200 34,800 Net income ALLIANCE TECHNOLOGIES Selected Balance Sheet Data December 31, 2021, compared to December 31, 2020 Decrease in accounts receivable 5,200 Increase in inventory Decrease in prepaid rent 12,200 8,200 salaries payable le ncrease 7,200 in .. aya Increase in income tax payable 16,800 Required: Prepare the operating activities section of the statement of cash flows for Alliance Technologies using the direct method. (List cash outflows as negative amounts.) Required: Prepare the operating activities section of the statement of cash flows for Alliance Technologies using the direct method. (List cash outflows as negative amounts.) ALLIANCE TECHNOLOGIES Statement of Cash Flows (partial) For the Year Ended December 31, 2021 Cash Flows from Operating Activities: $ Net cash flows from operating activities