Portions of the financial statements for Peach Computer are provided below. Net sales Expenses: PEACH COMPUTER Income Statement For the year ended December 31, 2024 Cost of goods sold. Operating expenses Depreciation expense Income tax expense Total expenses Net income $ 2,050,000 $ 1,150,000 660,000 60,000 50,000 1,920,000 $ 130,000 Cashi Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable Required: PEACH COMPUTER Selected Balance Sheet Data December 31 Increase (I) or Decrease (D) $ 22,000 (I) 8,000 (D) 25,000 (I) 3,000 (D) 2024 $112,000 2023 $ 90,000 46,000 54,000 85,000 60,000 4,000 7,000 55,000 42,000 13,000 (1) 6,000 15,000 9,000 (D) Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Cash flows from operating activities: Adjustments to reconcile net income to net cash flows from operating activities Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable Required: December 31 2024 $112,000 46,000 2023 $ 90,000 54,000 85,000 60,000 4,000 7,000 Increase (I) or Decrease (D) $ 22,000 (I) 8,000 (D) 25,000 (I) 3,000 (D) 55,000 42,000 13,000 (I) 6,000 15,000 9,000 (D) Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect meth deducted should be indicated with a minus sign.) PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Cash flows from operating activities: Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities $ 0