Portions of the financial statements for Software Associates are provided below. SOFTWARE SOCIATES Incon Statement For the year ended December 31, 2021 Net sales $600,000 Expenses cost of goods wold $360,000 Operating an 110.000 Depreciation expense 31.000 Income tax expense 39.000 Total expenses 540.000 Not Leon #60,000 ay BOTHARI KEBOCIATES Selected lance sheet Data December 31, 2021. conpared to December 31, 2020 Decrease in accounts receivable $ 8.000 Decres in loventory 11,000 Increase in prepaid rent 1.000 Decrease in salarios payable 2.000 There in accounts payable 5.000 Increase in con tax payable 6,000 Required: Prepare the operating activities section of the statement of cash flows for Software Associates using the direct method outfiows as negative amounts.) SOFTWARE ASSOCIATES Prey 1 of 3 : Next > 1.pal Sest wgebra Moor testaba por written assignment 30 FS OLD DDG ( # % 5 & 7 2 4 6 8 Required: Prepare the operating activities section of the statement of cash flow Yor Software Associates using the direct method. (Lists outflows as negative amounts.) SOITWALL ASSOCIATE Cathwa For the Year End Dec 2011 Cash Flows from Operating Active Not income Depreciation expense Decrease in accounts receivable Decrease in inventory Increase in accounts payable Increase in income tax payable Net cash flows from operating activities $ 0 Prev 1 of 3 Next > DO tot gebra (tidl est brade widt BO ** * # # 3 $ 4 % 5 & 7 2 8 9 W E R T Y U O S D F G H K A X c V BNM