M Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2024 Net sales Expenses: Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net income Cash. Accounts receivable Inventory Prepaid cent Accounts payable Income tax payable PEACH COMPUTER Selected Balance Sheet Date December 31 2024 $96,000 46,600 69,000 $990,000 500,000 44,000 34,000 2,400. 39,000 4,400 2923 $82,000 52.000 52,000 3,000 34,000 7,000 $1,650,000 1,568,000 $82,000 Increase (3) or Decrease (0) $14,000 15,400 17,000 1,400 5,000 2,600 368886 (3) (0) (X) (0) (F) (D) Income tax payable. 4,400 Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities. 7,000 PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Net cash flows from operating activities M Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2024 Net sales Expenses: Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net income Cash. Accounts receivable Inventory Prepaid cent Accounts payable Income tax payable PEACH COMPUTER Selected Balance Sheet Date December 31 2024 $96,000 46,600 69,000 $990,000 500,000 44,000 34,000 2,400. 39,000 4,400 2923 $82,000 52.000 52,000 3,000 34,000 7,000 $1,650,000 1,568,000 $82,000 Increase (3) or Decrease (0) $14,000 15,400 17,000 1,400 5,000 2,600 368886 (3) (0) (X) (0) (F) (D) Income tax payable. 4,400 Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities. 7,000 PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Net cash flows from operating activities