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 $1,800,000 $1,050,000 560,000 50,000 40,000 1,700,000 $100,000 PEACH COMPUTER Selected Balance Sheet Data December 31 Increase (I) or 2024 2023 Decrease (D) Cash $102,000 $85,000 $17,000 (I) Accounts receivable 45,000 49,000 4,000 (D) Inventory 75,000 55,000 20,000 (I) Prepaid rent 3,000 5,000 2,000 (D) Accounts payable 45,000 37,000 8,000 Income tax payable (1) 5,000 10,000 5,000 (D) Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the direct method 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