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 PEACH COMPUTER 2024 Cash $112,000 Accounts receivable 46,000 Inventory 85,000 Prepaid rent 4,000 Selected Balance Sheet Data December 31 54,000 Increase (I) or Decrease (D) $ 22,000 (1) 8,000 (0) 25,000 (1) 3,000 (D) 2023 $ 90,000 60,000 7,000 Accounts payable 55,000 42,000 13,000 (1) Income tax payable. 6,000 15,000 9,000 (0) 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.)