Portions of the financial statements for Alliance Technologies are provided below. ALLIANCE TECHNOLOG IES Income Statement For the year ended December 31, 2021 $ 315, 000 Net sales Expenses: Cost of goods sold $ 190, 000 61, 000 16, 100 Operating expenses Depreciation expense Income tax expense Total expenses 22, 500 289, 600 $ 25, 400 Net income ALLIANCE TECHNOLOG IES Selected Balance Sheet Data December 31, 2021, compared to December 31, 2020 $ 6, 100 Decrease in accounts receivable Increase in inventory 13, 100 9, 100 Decrease in prepaid rent Increase in salaries payable Decrease in accounts payable Increase in income tax payable 5, 100 8, 100 20, 400 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.) 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, 2021 Cash Flows from Operating Activities: Net income 25,400 Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities 25,400