Portions of the financial statements for Peach Computer are provided below. $1,750, eee PEACH COMPUTER Income Statement For the year ended December 31, 2021 Net sales Expenses : Cost of goods sold $1,630,000 Operating expenses 540,000 Depreciation expense 48,000 Income tax expense Total expenses Net Income 38,800 1,656,000 $ 94,000 PEACH COMPUTER Selected balance sheet Data December 31 Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable 2021 $100,000 46,200 73,000 2,800 43,000 2020 $84,000 50,000 54.000 4.600 36,000 9,000 Increase (T) or Decrease (0) $16,000 (1) 2,800 (0) 19,000 (1) 1,800 (D) 7.000 (1) 4,200 (0) Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable 2021 $100,000 46,200 73,000 2,800 43,000 4,800 2e2e $84,000 50, eee 54,000 4,600 36, eee 9,000 Decrease (D) $16,000 (1) 3,800 (D) 19, e38 (I) 1,800 (D) 7,000 (I) 4,200 (D) Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2021 Cash flows from operating activities: Adjustments to reconcile net income to net cash flows from operating activities