PEACH COMPUTER Income Statement For the year ended December 31, 2021 Net sales Expenses: Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net income $950,000 460,000 40,000 30,000 $1,550,000 1,480,000 $70,000

PEACH COMPUTER PEACH COMPUTER Selected Balance Sheet Data December 31 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.)