Portions of the financial statements for Alliance Technologies are provided below. Alliance Technologies Income Statement For the year ended December 31, 2018Net sales $405,000Expenses:Cost of goods sold $235,000 Operating expenses 70,000Depreciation expense 17,000 Income tax expense 27,000 Total expenses 349,000Net income $56,000 Alliance Technologies Selected Balance Sheet Data December 31, 2018, compared to December 31, 2017Decrease in accounts receivable $7,000Increase in inventory 14,000Decrease in prepaid rent 10,000Increase in salaries payable 6,000Decrease in accounts payable 9,000Increase in income tax payable 24,000Required:Prepare the operating activities section of the statement of cash flows for Alliance Technologies using the direct method.