Check my werk PEACH COMPUTER Income Statement For the year ended December 31, 2018 Net sales $1.975,000 Expenses: Cost of goods sold $1120,000 Operating expenses 630,000 Depreciation expense 57,000 Income tax expense 47,000 Total expenses 1854,000 Net Income $ 121000 PEACH COMPUTER Selected Balance Sheet Data December 31 Increase or 2018 2017 Decrease) Cash $109,000$88.500 $20,500 Accounts receivablo 45.700 52.500 6,800 (D) Inventory 82.000 58,500 23.500 Prepaid rent 3,700 6,400 2.700 ) Accounts payable 52.000 40.500 11,500 Accounts payable Income tax payable 52.000 40.500 5,700 13,500 11,500 (0) 7,800 (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.) PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2018 Cash flows from operating activities Not income Adjustments to reconcile net income to net cash flows from operating activities: Depreciation expense Decrease in income tax payable s Net cash flows from operating activities