$4$

Portions of the financial statements for Peach Computer are provided below.

$\backslash$table$[[\backslash$table$[[$Income Statement$],[$For the year ended December $31,2021]]],[$Net sales,,$700,000],[$Expenses:$,,],[$Cost of goods sold,$$1,010,000,],[$Operating expenses,$520,000,],[$Depreciation expense,$46,000,],[$Income tax expense,$36,000,],[$Total expenses,,$612,000],[$Net income,$$,88,000]]$

$\backslash$table$[[\backslash$table$[[$PEACH COMPUTER$],[$Selected Balance Sheet Data$],[$December $31]],\backslash$table$[[$Increase$],[$or$],[$Decrease$]],($I$)],[,,],[,2021,2020,($D$)],[$Cash$,$$$98,000,$$$83,000,$$$15,000,($I$)],[$Accounts receivable,$46,400,51,000,4,600,($D$)],[$Inventory$,71,000,53,000,18,000,($I$)],[$Prepaid rent,$2,600,4,200,1,600,($D$)],[$Accounts payable,$41,000,35,000,6,000,($I$)],[$Income tax payable,$4,600,8,000,3,400,($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 as negative amounts.$)$

$\backslash$table$[[$PEACH COMPUTER$],[$Statement of Cash Flows $($partial$)],[$For the Year Ended December $31,2021,],[$Cash flows from operating activities:,$],[,],[\backslash$table$[[$Adjustments to reconcile net income to net$],[$cash flows from operating activities:$]],]$