Exercise 11-11A Calculate operating activities-indirect method (LO11-3) Portions of the financial statements for Peach Computer are provided below. EACH CORTE Tncome Statement For the year ended December 31, 2021 Hot sales 51,675,000 Expenses cost of goods sold $1,000,000 Operating expenses 510,000 Depreciation expense 45,000 Income tax expense Total expenses 1.590.000 et income $35.000 PEACH COMPUTER Selected balance sheet Data December 31 Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable 2021 2020 597,000 $82,500 46.500 51,500 70,000 52,500 2.500 4.000 40,000 34,500 4,500 7,500 Inecas (1) or Decrease 916,500 5,000) 17.500 () 1.500 D 5,500 (1) 3,000 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, 2021 Cash flows from operating activities Adjustments to reconcile net income to me cash flows from operating activities Notiflows from operating activities