Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2018 Net sales $2,000,000 Cost of goods sold $1,130,000 640,000 58,000 48,000 Depreciation expense Income tax expense Total expenses 1,876,000 S 124,000 Net income PEACH COMPUTER Selected Balance Sheet Data December 31 Increase (U) 2018 2017 Decrease (D) 7,200 (D) 2,800 (D) 8,200 (D) Cash Accounts receivable $110,000 $89,000 $21,000 () 24,000 (1) 53,000 41,000 2,000 (1) 45,800 53,000 59,000 3,800 6,600 83,000 Prepaid rent Accounts payable Income tax payable 5,800 14,000 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.) Statement of Cash Flows (partial) For the Year Ended December 31, 2018 Cash flows from operating activities: Net cash flows from operating activities