CHAPTER 11 Statement of Cash Flow Ett-11 Portions of the financial statements for Peach Computer are provided below. Net sales Expenses: PEACH COMPUTER Income Statement For the year ended December 31, 2021 Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net income $2,050,000 $1,150,000 660,000 60,000 50,000 1,920,000 $130,000 2021 2020 $112,000 Cash Accounts receivable $90,000 PEACH COMPUTER Selected Balance Sheet Data December 31 Increase (1) or Decrease (D) 46,000 54,000 $22.000 Inventory 85,000 8,000 (D) 60,000 Prepaid rent 4,000 25,000 (0 $7,000 Accounts payable 55,000 3,000 (D) income tax payable 42,000 6,000 13,000 ( 15,000 9,000 (D) Required: Prepare the operating activities section of the statement of cash flows for Peach Computer usir the indirect method. Eff-12 Dristell Inc. had the following activities during the year (all transactions are for cash unless stated otherwise): A building with a book value of $400,000 was sold for $500,000. b. Additional common stock was issued for $160,000. c. Dristell purchased its own common stock as treasury stock at a cost of $75,000. Land was acquired by issuing a 6%, 10-year, $750,000 note payable to the seller. e. A dividend of $40,000 was paid to shareholders. An investment in Fleet Corp.'s common stock was made for $120,000. New equipment was purchased for $65,000. A $90,000 note payable issued three years ago was paid in full. i. A loan for $100,000 was made to one of Dristell's suppliers. The supplier plans to repay Dristell this amount plus 10% interest within 18 months. Required: Calculate net cash flows from investing activities. E11-13 Refer to the information in E11-12. Required: Cakulate net cash flows from financing activities.