3 points 3 Exercise 11-9 (Algo) Calculate operating activities-indirect method (LO11-3) Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2024 eBook Net sales Expenses: H Cost of goods sold Operating expenses Print References Depreciation expense Income tax expense Total expenses Net incone: Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable Required: $1,060,000 570,000 PEACH COMPUTER $1,825,000 51,000 41,000 1,722,000 $103,000 Selected Balance Sheet Data December 31 2024 Increase (I) or 2023 Decrease (D) $103,000 $85,500 $17,500 (I) 45,100 49,500 4,400 (D) 76,000 55,500 20,500 (I) 3,100 5,200 2,100 (D) 46,000 5,100 37,500 8,500 (I) 10,500 5,400 (D) Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method. (Amounts to be 3 Prepaso rent Accounts payable Income tax payable Required: 3 points eBook Hint Print References 3,100 46,000 5,100 3,200 37,500 10,500 8,500 (1) 5,400 (0) 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) For the Year Ended December 31, 2024 Cash flows from operating activities: Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities $ 0