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Portions of the financial statements for Peach Computer are provided below. Book PEACH COMPUTER Income Statement For the year ended December 31, 2021 Net sales
Portions of the financial statements for Peach Computer are provided below. Book PEACH COMPUTER Income Statement For the year ended December 31, 2021 Net sales $1,875,000 Bxpenses Cost of goods 1.080,000 bold Operating 590,000 expenses Depreciation 53,000 expense Income tax 43,000 expense Total expenses eferences PEACH COMPUTER Selected Balance sheet Data December Recount Eeeeeee 2020 Degree $105,000 586,500 $13,500 TL 5,300 50, 5005 , 2002 76,000 56,500 21,500 IT 2005 ,600 2.300 400036500 300 2000 Prepare the operating activities section statement of cash flows for Peach Computer using the indirecte List cash outlows and any decrease in cash as negative amounts.) d PEACH COMPUTER Statement of Cash Flows partial) For the Year Ended December 31, 2021 cash flows from operating A stments 10 recond.no income to cash fows from operancaccio Cout of goods 1,000,000 Operating Decitation $3,000 1,766,000 109,000 PENCH COMPUTER Belated Balance sheet Data 202 $105,000 45,200 70,000 300 2 020 Decrease $86,500 610,500(I) 50,500 5,200 (D) $6.500 21500 (1) ,600 2,300 (D) 4.000 .5009 500 ) 5300 11,500 6200 Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method List cash outfiows and any decrease in cosh as negative amounts) PEACH COMPUTER Statement of Cash Flows partial For the Year Ended December 312021 Cash flows from operating Adjustments to reconcile net income to net cash flows from Operating activities het cash flows from Dcerati e s
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