Problem 11-3A Calculate operating activities-indirect method (LO2) Portions of the financial statements for Alliance Technologies are provided below. ALLIANCE TECHNOLOGIES Income Statement For the year ended December 31, 2015 $315,000 Net sales Expenses. Cost of goods sold Operating expenses Depreciation expense Income tax expense $190,000 61,000 16,100 22,500 lotal expenses 289,600 Net income $ 25,400 ALLIANCE TECHNOLOGIES Selected Balance Sheet Data December 31, 2015, compared to December 31, 2014 Decrease in accounts receivable Increase in inventory Decrease in prepaid rent Increase in salaries payable Decrease in accounts payable Increase in income tax pavable $ 6,100 13,100 9,100 5,100 8,100 20,400