Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2018 Net sales $1.850.000 Expenses: Cost of goods sold $1.070,000 Operating expenses 580.000 Depreciation expense 52.000 Income tax expense 42.000 Total expenses 1.744,000 Net income $ 108,000 PEACH COMPUTER Selected Balance Sheet Data December 31 Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable 2018 $104,000 45,200 77,000 3,200 47.000 5,200 2017 $80.000 50.000 56.000 5.400 38.000 11.000 Increase (1) or Decrease (D) $18.000 (1) 4,800 (D) 21,000 (U) 2,200 (D) 9,000 U) 5,800 (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 income Depreciation expense Decrease in accounts receivable Increase in inventory Net cash flows from operating activities