Portions of the financial statements for Software Associates are provided below. $670,000 SOFTWARE ASSOCIATES Income Statement For the year ended December 31, 2021 Net sales Expenses: Cost of goods sold $400,000 Operating expenses 126,000 Depreciation expense 32,600 Income tax expense 47, eee Total expenses Net income 605,600 $ 64,400 SOFTWARE ASSOCIATES Selected Balance Sheet Data December 31, 2021, compared to December 31, 2020 Decrease in accounts receivable $ 9,600 Decrease in inventory 12,600 Incre in prepaid rent Decrease in salaries payable 3,600 Increase in accounts payable 6,6ee Increase in income tax payable 7,600 0 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 et cash rows from ce