Portions of the financial statements for Peach Computer are provided below.

Required:
Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method.

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PEACH COMPUTER Income Statement For the year ended December 31, 2012 Revenues Expenses $1,800,000 Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses $1,050,000 560,000 50,000 40,000 ,Fm S 10) Net income PEACH COMPUTER December 31 2012 Selected Balance Sheet Data 2011 Increase (I) or Decrease (D) $17,000 (0) Cash Accounts receivable S102,000 $85,000 45,000 49,000 75,000 55,000 3,000 5,000 45,000 37,000 5,000 10,000 4,000 (D) 20,000 () Prepaid rent Accounts payable Income tax payable 2,000 (D) 8,000 (l) 5,000 (D)