Hello Tutor,

I need help with problem.When I check my work it's not entirely correct. Please help. Thank you.

The income statement and a schedule reconciling cash ows from operating activities to net income are provided below (5 in 000s) for Peach Computers. PEACH COMPUTERS Income Statement For the Year Ended December 31, 2016 Sales $ 305 Cost of goods sold {185) Gross margin 12D Salaries expense $41 Insurance expense 19 Depreciation expense 11 Loss on le oi land 5 7'6 Income before tax 44 Income tax expense (22) Net income 5 22 ReconciIetion of Net Income To Net Cash Flows from Operating Activities Net income $ 22 Adjustments for Noncash Effects Depreciation expanse 11 Loss on sale of land 5 Changes in operating assets and liabilities: Decrease in accounts receivable 6 Increase in inventory {13} Decrease in accounts payable (8] Increase in salaries payable 5 Decrease in prepaid insurance 9 Increase in income tax payable 20 Net cash flows from operating activities $ 5? Required: 1. Caiculate each of the foliowing amounts for Peach Computers [Enter your answers in thousands {i.e.. 5,000 should be entered as 5}. Amounts to be deducted should be indicated with a minus sign.) Required: 1. Calculate each of the following amounts for Peach Computers (Enter your answers In thousands (i.e.. 5,000 should be entered as 5}. Amounts to be deducted should be Indicated with a minus sign.] Cash received from customers during the reporting peliod. a b. Cash paid to suppliers oi goods during the reporting period. .0 Cash paid to employees during the reporting peliod. P- Cash paid for insurance during the reporting peliod. e. Cash paid for income taxes during the reporting peliod. 2. Prepare the cash flows from operating activities section of the statement of cash cws [direct method). (Enter your answers In thousands (i.e.. 5,000 should be entered as 5]. Amounts to be deducted should be Indicated with a minus sign.) Cash Flows from Operating Antivities: Net cash ows from operating activities 5 0