Problem 11-3A Calculate operating activities-indirect method (LO11-3) Portions of the financial statements for Alliance Technologies are provided below. Net sales Expenses: ALLIANCE TECHNOLOGIES Income Statement For the year ended December 31, 2021 Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net income $296,000 $176,000 51,000 15,100 17,500 259,600 $ 36,400 ALLIANCE TECHNOLOGIES $ 5,100 12,100 8,100 Selected Balance Sheet Data December 31, 2021, compared to December 31, 2020 Decrease in accounts receivable Increase in inventory Decrease in prepaid rent Increase in salaries payable. Decrease in accounts payable Increase in income tax payable 4,100 7,100 16,400