Portions of the financial statements for Software Associates are provided below. Net sales Expenses: SOFTWARE ASSOCIATES Income Statement For the year ended December 31, 2021 Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net income $608,000 $368,000 118,000 31,800 43,000 560,800 $ 47,200 SOFTWARE ASSOCIATES Selected Balance Sheet Data December 31, 2021, compared to December 31, 2020 Decrease in accounts receivable Decrease in inventory Increase in prepaid rent Decrease in salaries payable Increase in accounts payable Increase in income tax payable $ 8,800 11,800 1,800 2,800 5,800 6,800 Required: Prepare the operating activities section of the statement of cash flows for Software Associates using the direct method. (List cas outflows as negative amounts.) Required: Prepare the operating activities section of the statement of cash flows for Software Associates using the direct method. (List cash outflows as negative amounts.) SOFTWARE ASSOCIATES Statement of Cash Flow (Partial) For the Year Ended December 31, 2021 Cash Flows from Operating Activities: Net cash flows from operating activities