Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2018 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 Increase (0) or Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable 2018 2017 Decrease (D) $95,000 $81,500 $13,500 (1) 46,700 52,500 5.800 (D) 68,000 51,500 16,500 0 2,300 3,600 1,300 (D) 38,000 33,500 4,500 (0) 4,300 6,500 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 as negative amounts.) PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2018 Cash flows from operating activities Net cash flows from operating activities