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Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statenent For the year ended December 31, 2021 Net sales $1,875,000

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Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statenent For the year ended December 31, 2021 Net sales $1,875,000 Expenses: Cost of goods sold Operating expenses Depreciation expense $1,080,000 590,000 53,000 Income tax expense 43,000 Total expenses 1,766,000 $ 109,000 Net income H PUTER Selected Balance Sheet Data December 31 Increase (I) or 2021 2020 Decrease (D) $18,500 Cash $105,000 45,300 78,000 $86,500 50,500 (I) (D) Accounts receivable 5,200 21,500 Inventory Prepaid rent Accounts payable Income tax payable 56,500 (I) (D) (I) 6,200 (D) 3,300 48,000 5,600 2,300 9,500 38,500 11,500 5,300 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 Caeh Rnn fenm annentinn antitine 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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