Portions of the financial statements for Alliance Technologies are provided belovw ALLIANCE TECHNOLOGIES Income Statement For the year ended December 31, 2018 $ 405,000 Net sales Expenses: $235,000 70,000 17,000 27,000 Cost of goods sold Operating expenses Depreciation expense Income tax expense 349,000 Total expenses Net income S56,000 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 $ 7,000 14,000 10,000 6,000 9,000 24,000 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, 2018 Cash Flows from Operating Activities 0 Net cash flows from operating activities