Portions of the financial statements for Alliance Technologies are provided below. $299,000 ALLIANCE TECHNOLOGIES Income Statement For the year ended December 31, 2021 Net sales Expenses: Cost of goods sold $179,000 Operating expenses 54,000 Depreciation expense 15,400 Income tax expense 19,000 Total expenses Net income 267,400 $ 31,600 ALLIANCE TECHNOLOGIES Selected Balance Sheet Data December 31, 2021, compared to December 31, 2020 Decrease in accounts receivable Increase in inventory Decrease in prepaid rent Increase in salaries payable Decrease in accounts payable Increase in income tax payable $ 5,400 12,400 8,400 4,400 7,400 17,600 ALLIANCE TECHNOLOGIES Statement of Cash Flows (partial) For the Year Ended December 31, 2021 Cash Flows from Operating Activities: Adjustments to reconcile net income to not cash flows from operating activities Net cash flows from operating activities 0