Portions of the financial statements for Peach Computer are provided below PEACH COMPUTER Income Statement For the year ended December 31, 2018 Net sales Expenses $1,975,000 Cost of goods sold Operating expenses Depreciation expense Income tax expense $1,120,000 630,000 57,000 47,000 Total expenses 1,854,000 Net income S 121,000 PEACH COMPUTER Selected Balance Sheet Data December 31 Increase (1) or 2017 Decrease (D) $20,500 (I) 2018 Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable $109,000 $88,500 52,500 58,500 6,400 40,500 5,70013,500 45,700 82,000 6,800 (D) 3,700 52,000 23,500 (1) 2,700 (D) 11,500 (1) 7,800 (D) Required Prepare the operating activities section of the statement of cash flows for Peach Computer using the direct method. (List cash outflows as negative amounts.) PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2018 Cash flows from operating activities Net cash flows from operating activities