Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2018 Net sales $2,050,000 Expenses: Cost of goods sold $1,150,000 Operating expenses 660,000 Depreciation expense 60,000 Income tax expense 50,000 Total expenses 1,920,000 Net income $ 130,000 PEACH COMPUTER Selected Balance Sheet Data December 31 Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable 2018 $112,000 46,000 85,000 4,000 55,000 6,000 2017 $90,000 54,000 60,000 7,000 42,000 15,000 Increase (1) or Decrease (D) $22,000 (1) 8,000 (D) 25,000 (1) 3,000 (D) 13,000 (1) 9,000 (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, 2018 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flows from operating activities Decrease in accounts receivable Decrease in prepaid rent Increase in accounts payable Decrease in income tax payable Increase in inventory Depreciation expense Net cash flows from operating activities 0