PUILONIS UIWie manlidi Staten II Alliance TECHNovyies die provideu veuw. $365,000 ALLIANCE TECHNOLOGIES Income Statement For the year ended December 31, 2021 Net sales Expenses: Cost of goods sold $215,000 Operating expenses 66,000 Depreciation expense 16,600 Income tax expense 25,000 Total expenses Net income 322,600 $ 42,400 ALLIANCE TECHNOLOGIES Selected Balance Sheet Data December 31, 2021, compared to December 31, 2020 Decrease in accounts receivable $ 6,600 Increase in inventory 13,600 Decrease in prepaid rent 9,600 Increase in salaries payable 5,600 Decrease in accounts payable 8,600 Increase in income tax payable 22,400 Required: Prepare the operating activities section of the statement of cash flows for Alliance Technologies using the indirect met (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 S 0