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Please help ASAP! Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2021

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Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2021 Net sales $1,625,000 Expenses: Cost of goods sold $980,000 Operating expenses 490,000 Depreciation expense 43,000 Income tax expense 33,000 Total expenses 1,546,000 Net Income $ 79,000 PEACH COMPUTER Selected Balance Sheet Data December 31 Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable 2021 2020 $95.000 $81,500 46,70052,500 68,000 51,500 2,3003 ,600 38,000 33,500 4,300 6,500 Increase (I) Or Decrease (D) $13.500 (1) 5,800 (D) 16,500 (I) 1,300 (D) 4,500 (I) 2,200 (D) Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the direct method. (List cash outflows and any decrease in cash as negative amounts.) Answer is complete but not entirely correct. Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable 2021 $95,000 46,700 68,000 2,300 38,000 4,300 2020 $81,500 52,500 51,500 3,600 33,500 6.500 Decrease (D) $13,500 (1) 5,800 (D) 16,500 (1) 1,300 (D) 4,500 (I) 2,200 (D) Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the direct method. (List ca outflows and any decrease in cash as negative amounts.) Answer is complete but not entirely correct. PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2021 Cash flows from operating activities: Cash received from customers $ 1,630,800 Cash paid to suppliers 992,000 Cash paid for operating expenses 488,700 Cash paid for income taxes 35,200 % Net cash flows from operating activities $ 3,146,700

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