Portions of the financial statements for Peach Computer are provided below PEACH COMPUTER Income Statement For the year ended December 31, 2018 $2,000,000 Net sales Expenses: $1,130,000 640,000 58,000 48,000 Cost of goods sold Operating expenses Depreciation expense Income tax expense 1,876,000 Total expenses $ 124,000 Net income PEACH COMPUTER Selected Balance Sheet Data December 31 Increase (1) or 2018 2017 Decrease (D) $21,000 (I) 7,200 (D) 24,000 (I) 2,800 (D) 12,000 (1) 8,200 (D) Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable $110,000 $89,000 45,800 53,000 83,00059,000 3,800 6,600 53,00041,000 5,80014,000 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: Cash received from customers Cash paid to suppliers Cash paid for operating expenses Cash paid for income taxes 0 Net cash flows from operating activities