Exercise 11-9 (Algo) Calculate operating activities-indirect method (LO11-3) Portions of the financial statements for Peach Computer are provided below. Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) 1. Net income is $64,000. 2. The company purchases $105,000 in equipment. No equipment was sold. 3. Depreciation expense is $157,000. 4. The company repays $112,500 in notes payable. 5. The company declares and pays a cash dividend of $22,500. Required: Prepare the statement of cash flows using the indirect method. (Amounts to be deducted, cash outflows, and should be indicated with a minus sign.)