Portions of the financial statements for Peach Computer are provided below. points 8 02:59:11 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 eBook Hint Print References PEACH COMPUTER Lected Balance Sheet Dat December 31 Cash Accounts receivabl Inventory Prepaid rent Accounts payable Income tax payabl 2021 $110,000 45,800 83,000 3,800 000 2020 $89,000 53,000 59,000 6,600 41,000 Decrease (D) $21,000 (I) 7,200 (D) 24,000 (I) 2,800 12, 000 Required: Prepare the operating activities section of the statement of cash flows for Peach Compute outflows and any decrease in cash as negative amounts.) points Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the indi outflows and any decrease in cash as negative amounts.) X 0258.45 eBook PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2021 Cash flows from operating activities: Hint Print References Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities on.com: resistance band: Beauty & Personal Care ecampus - Yahoo Search Results Yahoo Search R Chpt 11 Saved 2 $ 165,800 VIDEO PHONES, INC. Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities: Net Income Adjustments to reconcile net income to net cash flows from operating activities: Depreciation expense Loss fon sale of land) Increase in accounts receivable Decrease in inventory Increase in prepaid rent Decrease in accounts payable Decrease in interest payable Increase in income tax payable 21,000 7,400 (24,000) 24,000 (4.680) (14,400) (3,400) 1,000 $ 172,520 Net cash flows from operating activities Cash Flows from Investing Activities: Purchase investment in bonds Proceeds from sale of land 98,000 Net cash flows from investing activities Cash Flows from Financing Activities: Payment of cash dividends . Net cash flows from financing activities Net increase in cash Cash at the beginning of the period Cash at the end of the period Note: Noncash Activities Purchase equipment issuing a note payable $