Problem 11-3A Calculate operating activities-indirect method (LO11-3) 3 125 Portions of the financial statements for Alliance Technologies are provided below. ALLIANCE TECHNOLOGIES Income tatenent For the year anded December 31, 2021 Net sales 5395,000 Expenses Cost of goods sold $230,000 Operating expenses 69,000 DeprecLALLON expense 16.900 Income tax expense 26,500 Total expenses 342,400 Niet inom ALLIANCH TECHNOLOGIES Belected balance sheet Data December 31, 2021, COME to Dec 31, 2020 Der I counts receivable $ 6.900 Increase inventory 13.900 Decrease in prepaid rent 9.900 Increase in salaris payable 5.900 Decrease in wcounts payable 8.900 Increase in Incone tax payable 23.600 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 Statement of Cash Flows (partial) 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 Statement of Cash Flowe (partial) For the Year Ended December 31, 2021 Cash Flows from Operating Activities: Adjustments to reconcie net income to net cash flows from operating activities Net cash flows from operating activities