Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2024 Net sales Expenses: Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net income $1,675,000 $1,000,000 510,000 45,000 35,000 1,590,000 $85,000 PEACH COMPUTER Selected Balance Sheet Data December 31 Increase (I) 2024 Cash $97,000 2023 $82,500 or Decrease (D) $14,500 (I) Accounts receivable 46,500 51,500 5,000 (D) Inventory 70,000 52,500 17,500 (I) Prepaid rent 2,500 4,000 1,500 (D) Accounts payable 40,000 34,500 5,500 (I) Income tax 4,500 7,500 payable 3,000 (D) Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the direct 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 Net cash flows from operating activities