ng ssessment Component Problem 11-3A Calculate operating activities-indirect method (L Portions of the financial statements for Alliance Technologies are provided below. ed $405,000 ALLIANCE TECHNOLOGIES Income Statement For the year ended December 31, 2021 Net sales Expenses Cost of goods sold $235,000 Operating expenses 70.000 Depreciation expense 17,000 Income tax expense 27,000 Total expenses Net Income Book 349,000 $ 56,000 References ALLIANCE TECHNOLOGIES Selected balance sheet Data December 31, 2021, compared to December 31, 2020 Decrease in accounts receivable $ 7.000 Increase in inventory 14,000 Decrease in propaid rent 10.000 Increase in salarios payable 6,000 Decrose in accounts payable 9.000 Increase in Income tax payable 24,000 Required: Prepare the operating activities section of the statement of cash flows for Alliance Tech outflows and any decrease in cash as negative amounts.) ALLIANCE TECHNOLOGIES Statement of Cash Flow at For the Year Ended December 31, 2021 MacBook Air Learning Assessment Component Increase in invento Decrease in prepaid en Increase in salaries payable Deures in accounts payable Toeresse in income tax payable 14,000 10,000 6.000 9,000 24,000 Swoped Required: Prepare the operating activities section of the statement of cash flows for Allance Technologies using the indirect method. (Listench outflows and any decrease in cash as negative amounts.) Bob ALLIANCE TECHNOLOGIES Statement of Cash Flows pantall For the Year Ended December 31, 2021 Cash Flows from Operating Activities: Adiants to reconcione income to net cash flows from operating acties NE MacBook Air