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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Net sales Expenses: PEACH COMPUTER Income Statement For the year ended December 31, 2024 Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net income Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable $1,150,000 660,000 60,000 50,000 PEACH COMPUTER Selected Balance Sheet Data December 31 2024 $112,000 46,000 85,000 4,000 55,000 6,000 2023 $90,000 54,000 60,000 7,000 42,000 15,000 $2,050,000 1,920,000 $ 130,000 Increase (I) or Decrease (D) $22,000 (1) 8,000 (D) 25,000 (1) 3,000 (D) 13,000 (1) 9,000 (D)