Problem 11 3B Calculate operating activities-indirect m Portions of the financial statements for Sofware Associates are provide SOFTWARE ASSOCIATES Income Statement For the year ended December 31, 2018 $ 600,000 Net sales Expenses Cost of goods sold Operating expenses Depreciation expense Income tax expense $360,000 110,000 31,000 39,000 Total expenses 540,000 Net income $ 60,000 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 $8,000 11,000 1,000 2,000 5.000 6,000 Required: Prepare the operating activities section of the statement of cash flows fo