1 Problem 11-3A Calculate operating activities-indirect method (LO11-3) 3 points Portions of the financial statements for Allance Technologies are provided below. eBook $325, eee ALLIANCE TECHNOLOGIES Income statement For the year ended December 31, 2021 Net sales Expenses: cost of goods sold $195, eee Operating expenses 62,eee Depreciation expense 16, 2ee Income tax expense 23,eee Total expenses Net income Ask o 296, 200 $ 28, see References ALLIANCE TECHNOLOGIES Selected Balance Sheet Data December 31, 2021, compared to December 31, 2020 Decrease in accounts receivable $ 6,200 Increase in inventory 13,20 Decrease in prepaid rent 9,200 Increase in salaries payable Decrease in accounts payable 5,200 Increase in income tax payable 20.se Required: Prepare the operating activities section of the statement or cash flows for Allance Technologies using the inan outflows and any decrease in coshos negative amounts.) ALLANCE TECHNOLOGIES Statement of cash flows parti For the Year Ended December 31, 2021 Cash Flows from Operating activities Adjustments to recolle net income to nel fonserting activities