Problem 11-3A Calculate operating activities-indirect method (LO11-3) Portions of the financial statements for Alliance Technologies are provided below. ALLTANCE TECHNOLOGIES Theme Statement For the year anded December 31, 2021 Het sales $385,000 Expenses Cont of goods Bold $225,000 Operating expenses 68,000 Depreciation expense 16,800 Income tax expense 26,000 Total expenses 335,800 Net Income $ 49,200 ALLIANCH TECHNOLOGIES Delected Balance sheet Data December 31. 2021. compared to December 31, 2020 Decrease in accounts receivable $ 6,800 Increase in inventory 13,800 Decrease in prepaid rent 9,800 Increase in salaries payable 5,800 Decrease in accounts payable 3,000 Increase in neon tax payable 23,200 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) For the Year Ended December 31, 2021 Cash Flows from Operating Activities Decrease in prepaid rent Increase in salaries payable Decrease in accounts payable Increase in income tax payable 9,800 5,800 8,800 23,200 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) For the Year Ended December 31, 2021 Cash Flows from Operating Activities: Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities