Portions of the financial statements for Software Associates are provided below. $699,00 SOFTWARE ASSOCIATES Income Statement For the year ended December 31, 2021 Net sales Expenses Cost of goods sold $369,000 Operating expenses 119,000 Depreciation expense 31,900 Income tax expense 43,500 Total expenses Net income 563,460 $ 45,600 SOFTWARE ASSOCIATES Selected Balance Sheet Data December 31, 2021, compared to December 31, 2020 Decrease in accounts receivable 5.3,900 Decrease in Inventory 11,100 Increase in prepaid rent 1,900 Decrease in salaries payable Increase in accounts payable 2.900 5.900 Increase in Income tax payable 6.900 Required: Prepare the operating activides 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 Flow (partial For the Year Ended December 31, 2021 Cash Flows from Operating Activities Adjustments to reconcle not income one shows from operating activos Decrease in inventory Increase in prepaid rent Decrease in salaries payable Increase in accounts payable Increase in income tax payable 11,900 1,900 2.900 5,900 5,900 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 Not cash flows from operating activities