25 2 Portions of the financial statements for Peach Computer are provided below. points PEACH COMPUTER Income Statement Net sales For the year ended December 31, 2024 Expenses: Cost of goods sold eBook Hint Operating expenses Depreciation expense Income tax expense Total expenses Print Net income References Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable Required: $1,875,000 $1,080,000 590,000 53,000 43,000 1,766,000 $109,000 PEACH COMPUTER Selected Balance Sheet Data December 31 2024 Increase (I) or 2023 Decrease (D) $105,000 $86,500 $18,500 (I) 45,300 50,500 5,200 (D) 78,000 56,500 21,500 (I) 3,300 5,600 2,300 (D) 48,000 38,500 9,500 (I) 5,300 11,500 6,200 (D) Check my work Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) PEACH COMPUTER Statement of Cash Flows (partial)