3 Portions of the financial statements for Peach Computer are provided below. points Slipped PEACH COMPUTER Income Statement For the year ended December 31, 2021 Het sales $1,900,000 Expenses Cost of goods sold $1,090,000 Operating expenses 600,000 Depreciation expense 54,00 Income tax expense 44,000 Total expenses 1,788,000 Net income 112, eee lo 019 PEACH COMPUTER Selected Balance Sheet Data December 31 Print Increase (1) References Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable 2021 $106.000 45,400 79, eee 3,400 49.000 5,400 2e2e $87.009 51.00 57,000 5. Bee 39.000 12,000 Decrease (0) $19, see () 5.600 (D) 22.000 (1) 2,400 (D) 10,000 (1) 6,600 (D) Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method. (List cash outflows and any decrease in cash os negative amounts.) PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2021 Cash flows from operating activities Adjustments to reconcile not income to net cash flows from operating activities Selected Balance Sheet Data December 31 Increase (1) Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable 2021 $106.000 45,400 79.000 3.40 49.000 5,400 2e2e $87,000 51,00 57.000 5.800 39.000 12,000 Decrease (0) $19.00 (T) 5,600 (0) 22,000 (1) 2.400 (0) 10.000 6,60 (1) (0) Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method. (List cash outflows and any decrease in cosh as negative amounts.) PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2021 Cash flows from operating activities Adjustments to reconcile net income to not cash flows from operating activities Net cash flows from operating activities Wi-Fi, Inc., has the following selected transactions during the year Required: Select the section of the statement of cash flows in which each of these items would be reported operating activities (indirect method). Investing activities, financing activities, or a separate noncash activities note. Activities fooi Transactions 1 Issues $20 million in bonds 2. Purchases equipment for 580,000 3. Pays a $20,000 account payable 4. Collects a $15.000 account receivable 5. Exchanges and for a new patent. Both are valued at $300,000 6 Dedates and pays a cash dividend of $100.000 7 Loans $50,000 to a customer accepting a not receivable 8. Pays $75,000 to suppliers for inventory