PEACH COMPUTER Income Statement For the year ended December 31, 2021 Tm Net sales $2,050,000 Expenses Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses $1,150,000 660,000 60,000 50,000 1,920,000 $ 130,000 Net income PEACH COMPUTER Selected Balance Sheet Data December 31 2021 2020 Increase (I) or Decrease (D) $90,000 54,000 60,000 7,000 42,000 15,000 $22,000 () $112,000 46,000 85,000 4,000 55,000 6,000 Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable 8,000 (D) 25,000 (1) 3,000 (D) 13,000 () 9,000 (D) Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the direct method