Net sales Expenses: Income Statement For the year ended December 31, 2024 Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net income $1,650,000 $990,000 500,000 44,000 34,000 1,568,000 $82,000 PEACH COMPUTER Selected Balance Sheet Data December 31 Increase (I) or 2024 Cash $96,000 2023 $82,000 Decrease (D) $14,000 (I) Accounts receivable 46,600 52,000 5,400 (D) Inventory 69,000 52,000 17,000 (I) Prepaid rent 2,400 3,800 1,400 (D) Accounts payable 39,000 34,000 5,000 (I) Income tax payable 4,400 7,000 2,600 (D) 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.) PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Cash flows from operating activities Net cash flows from operating activities