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 Stock-based compensation expense Income tax expense $ 1,675,000 $ 1,000,000 510,000 45,000 35,000 Total expenses Net income Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable Required: 1,590,000 $ 85,000 PEACH COMPUTER Selected Balance Sheet Data December 31, 2023 and 2024 Increase (I) or Decrease (D) $ 14,500 (I) 2024 $ 97,000 46,500 2023 $ 82,500 51,500 5,000 (D) 70,000 52,500 17,500 (I) 2,500 4,000 1,500 (D) 40,000 34,500 5,500 (I) 4,500 7,500 3,000 (D) Check my Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method. Note: 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 income $ 85,000 Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities $ 85,000