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Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method. (Amounts to be deducted should be
Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Net sales Expenses: Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net income Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable PEACH COMPUTER Selected Balance Sheet Data December 31 2024 $105,000 45,300 78,000 $1,080,000 590,000 53,000 43,000 3,300 48,000 5,300 2023 $86,500 50,500 56,500 5,600 38,500 11,500 $1,875,000 1,766,000 $109,000 Increase (I) or Decrease (D) $18,500 (I) 5,200 (D) 21,500 (I) 2,300 (D) 9,500 (I) 6,200 (D)
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