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Portions of the financial statements for Peach Computer are provided below. H PUTER Income Statement For the year ended December 31, 2021 Net sales $1,650,000

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Portions of the financial statements for Peach Computer are provided below. H PUTER Income Statement For the year ended December 31, 2021 Net sales $1,650,000 Expenses: Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses R:59 $990,000 500,000 44,000 34,000 1,568,000 Net income 82,000 CH COMPUTER Selected Balance Sheet Data December 31 Increase (I) or Decrease (D) (I) (D) (I) (D) (I) 2021 2020 Cash $96,000 46,600 69,000 2,400 39,000 4,400 $82,000 52,000 52,000 3,800 $14,000 5,400 17,000 Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable es 1,400 34,000 7,000 5,000 2,600 (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.) PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2021 Cach Beuie feom onnenting aetieitine 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.) PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2021 Cash flows from operating activities: Net cash flows from operating activities

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