Portions of the financial statements for Software Associates are provided below. $607,000 SOFTWARE ASSOCIATES Income Statement For the year ended December 31, 2021 Net sales Expenses: Cost of goods sold $367,000 Operating expenses 117,000 Depreciation expense 31,700 Income tax expense 42,500 Total expenses Net income 558, 200 $ 48,800 SOFTWARE ASSOCIATES Selected Balance Sheet Data December 31, 2021, compared to December 31, 2020 Decrease in accounts receivable $ 8,700 Decrease in inventory 11,700 Increase in prepaid rent 1,700 Decrease in salaries payable 2,700 Increase in accounts payable 5,700 Increase in income tax payable 6,700 Required: Prepare the operating activities section of the statement of cash flows for Software Associates using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) SOFTWARE ASSOCIATES Statement of Cash Flows (partial) For the Year Ended December 31, 2021 Cash Flows from Operating Activities: Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities