The income statement and a schedule reconciling cash flows from operating activities to net income are provided below ($ in thousands) for Peach Computers.

PEACH COMPUTERS Income Statement For the Year Ended December 31, 2021
Sales					$	305
Cost of goods sold						(185	)
Gross margin						120
Salaries expense	$	41
Insurance expense		19
Depreciation expense		11
Loss on sale of land		5				76
Income before tax						44
Income tax expense						(22	)
Net income					$	22

Reconciliation of Net Income To Net Cash Flows from Operating Activities
Net income	$	22
Adjustments for Noncash Effects
Depreciation expense		11
Loss on sale of land		5
Changes in operating assets and liabilities:
Decrease in accounts receivable		6
Increase in inventory		(13	)
Decrease in accounts payable		(8	)
Increase in salaries payable		5
Decrease in prepaid insurance		9
Increase in income tax payable		20
Net cash flows from operating activities	$	57

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).

repare the cash flows from operating activities section of the statement of cash flows (direct method). (Enter your answers in thousands (i.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.)

Calculate each of the following amounts for Peach Computers. (Enter your answers in thousands (i.e., 5,000 should be entered as 5). Cash outflows must be indicated with a minus sign.)

a.	Cash received from customers during the reporting period.	$311
b.	Cash paid to suppliers of goods during the reporting period.	$(206)
c.	Cash paid to employees during the reporting period.	$(36)
d.	Cash paid for insurance during the reporting period.	$(10)
e.	Cash paid for income taxes during the reporting period.	$(2)

Cash Flows from Operating Activities:
Cash received from customers
Cash paid to suppliers
Cash paid to employees
Cash paid for insurance
Cash paid for income taxes
Net cash flows from operating activities	$0