Portions of the financial statements for Software Associates are provided below. $710,000 SOFTWARE ASSOCIATES Income Statement For the year ended December 31, 2021 Net sales Expenses: Cost of goods sold $420,000 Operating expenses 130,000 Depreciation expense 33,000 Income tax expense 49,000 Total expenses Net income 632,000 78,000 SOFTWARE ASSOCIATES Selected Balance Sheet Data December 31, 2021, compared to December 31, 2020 Decrease in accounts receivable $10,000 Decrease in inventory 13,000 Increase in prepaid rent 3,000 Decrease in salaries payable 4,000 Increase in accounts payable 7,000 Increase in income tax payable 8,000 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 S 0 Net cash flows from operating activities