Problem 11-3A Calculate operating activities--Indirect method (LO11-3) Portions of the financial statements for Alliance Technologies are provided below. Dints Skipped $365,000 ALLIANCE TECHNOLOGIES Income Statement For the year ended December 31, 2021 Net bales Expenses Cost of goods sold $215,000 Operating expenses 66,000 Depreciation expense 16,600 Income tax expense 25,000 Total expenses eBook 22.600 Print Net income ferences ALLIANCE TECHNOLOGIES Selected Balance Sheet Data December 31, 2021, compared to December Decrease in accounts receivable Increase in inventory Decrease in prepaid rent Increase in salaries payable Decrease in accounts payable Increase in income tax payable $ 6,600 13,600 9,600 5,600 8,600 22,400 Required: Prepare the operating activities section of the statement of cash flows for Alliance Technologies using the indirect outflows and any decrease in cash as negative amounts.) Required: Prepare the operating activities section of the statement of cash flows for Allance 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 Pent Cash Flows from Operating Activities: Adjustments to reconcile net income to net cash flows from operating activites References Net cash fows from operating activities $ 0