Portions of the financial statements for Software Associates are provided below r 31, 2018 Net sales $ 608,000 Cost of goods sold Operating expenses Depreciation expense Income tax expense $368,000 118,000 31,800 43,000 Total expenses 560,800 Net income 47.200 SOFTWARE ASSOCIATES Selected Balance Sheet Data December 31, 2018, compared to December 31, 2017 Decrease in accounts receivable Decrease in inventory Increase in prepaid rent Decrease in salaries payable Increase in accounts payable Increase in income tax payable 58,800 11,800 1,800 2 800 5,800 6800 Required Prepare the operating actvites section of the statement of cash fnows for Software As SOFTWARE ASSOCIATES Statement of Cash Flows (partial) For the Year Ended December 31, 2018 Cash Flows from Operating Activities Prepare the operating activities section of the statement of cash flows tor Software Associates using the indirect method (List cash outflows and any decrease in cash as negative Adjustments to reconcile net income to net