Exercise 11-11A Calculate operating activities-indirect method (LO11-3) Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2021 Net sales Expenses: Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net income $1,625,000 $980,000 490,000 43,000 33,000 1,546,000 $ 79,000 PEACH COMPUTER Selected Balance Sheet Data December 31 Increase (I) or 2021 2020 Decrease (D) Cash $95,000 $81,500 $13,500 (I) Accounts receivable 46,700 52,500 5,800 (D) Inventory 68,000 51,500 16,500 (I) Prepaid rent 2,300 3,600 1,300 (D) Accounts payable 38,000 33,500 4,500 (I) Income tax payable. 4,300 6,500 2,200 (D)