Prepare the operating activities section of the statement of cash flows for Alliance Technologies using the indirect method.

Portions of the financial statements for Alliance Technologies are provided below. ALLIANCE TECHNOLOGIES For the year ended December 31, 2018 365.000 Net sales Expenses: Cost of goods sold $215,000 Operating expenses Depreciation expense 16,600 income tax expense Total expenses 42,400 ALLIANCE TECHNOLOGIES Selected Balance Sheet Data December 31, 2018, compared to December 31, 2017 Decrease in accounts receivable 6600 Increase in inventory Decrease in prepaid rent salaries payable accounts payable Increase in income tax payable Required Prepare the operating activities section of the statement of cash flows for Alliance Technologies using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) ALLIANCE TECHNOLOGIES of Cash Flows (partial) For the Year Ended December 31, 2018 Cash Flows from Operating Activities: Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities