The income statement and a schedule reconciling cash flows from operating activities to net income are provided belo for Peach Computers. PEACH COMPUTERS Income Statement For the Year Ended December 31, 2018 $485.0 Sales Cost of goods sold (194.0) Gross marqin Salaries expense Insurance expense Depreciation expense 16.0 Loss on sale of land 14.0 Income before tax Income tax expense Net income 291.0 $57.0 34.0 121.0 170.0 85.0 $ 85.0 Reconciliation of Net Income To Net Cash Flows from Operating Activities Net income Adjustments for Noncash Effects Depreciation expense Loss on sale of land Changes in operating assets and liabilities: $ 85.0 16.0 14.0 Decrease in accounts receivable Increase in Decrease in accounts payable Increase in salaries payable 18.0 (73.0) (44.0) 29.0 15.0 80.6 inventory ecrease in prepaid insurance Increase in income tax payable $140.6 Net cash flows from operating activities Required 1. Calculate each of the following amounts for Peach Computers 2. Prepare the cash flows from operating activities section of the statement of cash flows (direct method) Required: 1. Calculate each of the following amounts for Peach Computers: 2. Prepare the cash flows from operating activities section of the statement of cash flows (direct method). Complete this question by entering your answers in the tabs belovw Required 1Required 2 Calculate each of the following amounts for Peach Computers: (Enter your answers in thousands rounded to 1 decimal place i.e.,5,500 should be entered as 5.5). Cash outflows must be indicated with a minus sign) 503.0 a. Cash received from customers during the reporting period. b. Cash paid to suppliers of goods during the reporting period. c. Cash paid to employees during the reporting period. d. Cash paid for insurance during the reporting period. e. Cash paid for income taxes during the reporting period.