Portions of the financial statements for Peach Computer are provided below. 27 PEACH COMPUTER Income Statement For the year ended December 31, 2021 Net sales $2,000,000 Expenses: Cost of goods sold $1,130,000 Operating expenses 640,000 Depreciation expense 58,000 Income tax expense 48,000 Total expenses 1,876,000 Net income 124,000 PEACH COMPUTER Selected Balance Sheet Data December 31 Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable 2021 $110,000 45,800 83,000 3,800 53,000 5,800 2020 $89,000 53,000 59,000 6,600 41,000 14,000 Increase (I) or Decrease (D) $21,000 (1) 7,200 (D) 24,000 (1) 2,800 (D) 12,000 (I) 8,200 (D) Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the direct 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: Net cash flows from operating activities