Problem 11-3A Calculate operating activities-indirect method (LO11-3) Portions of the financial statements for Alliance Technologies are provided below. ALLIANCI ZECHNOLOGIES Income statement For the year ended December 31, 2021 Net sales $300,000 Expenses Coat of goods sold $184,000 Operating expenses 39,000 Depreciation expenso 15,900 Income tax expense 21,500 Total expenses 210,400 Net Income $ 23,600 ALLIANCE TECHNOLOGIES Selected Balance Sheet Data December 31, 2021, compared to December 31, 2020 Decrease in accounts receivable $ 5,900 Increase in Inventory 12,900 Decrease in prepaid rent 8,900 Increase in salaries payable 4.900 Decrease in accounts payable 7.900 Increase in income tax payable 19,600 Required: Prepare the operating activities section of the statement of cash flows for Alliance Technologles 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