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					$	425.0
Cost of goods sold						(170.0	)
Gross margin						255.0
Salaries expense	$	49.0
Insurance expense		26.0
Depreciation expense		12.0
Loss on sale of land		10.0				97.0
Income before tax						158.0
Income tax expense						(79.0	)
Net income					$	79.0

Reconciliation of Net Income To Net Cash Flows from Operating Activities
Net income	$	79.0
Adjustments for Noncash Effects
Depreciation expense		12.0
Loss on sale of land		10.0
Changes in operating assets and liabilities:
Decrease in accounts receivable		14.0
Increase in inventory		(53.0	)
Decrease in accounts payable		(32.0	)
Increase in salaries payable		21.0
Decrease in prepaid insurance		13.0
Increase in income tax payable		75.4
Net cash flows from operating activities	$	139.4

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).