3. value 4.00 points Portions of the financial statements for Peach Computer are provided below PEACH COMPUTER Income Statement For the year ended December 31, 2018 Net sales Expenses Cost of goods sold Operating expenses Depreciation expense Income tax expense $2,000,000 $1,130,000 640.000 58,000 48.000 Total expenses 1,876.000 $ 124.000 Net income PEACH COMPUTER Selected Balance Sheet Data December 31 Increase () or Decrease (D) $21,000 0) 7,200 (D) 24,000 () 2.800 (D) 12.000 () 8.200 (D) 2018 $110,000 45,800 83,000 3800 53.000 2017 $89.000 53.000 59,000 6,600 41.000 14,000 Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable- 5,800 Required: Prepare the operating activities section of the statement of cash fows for Peach Computer using the indirect method. (List cash outflows and any decrease in cas amounts.) PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2018 Cash fows from operating activises Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities