Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2018 Net sales $2,000,000 Expenses: Cost of goods sold $1,130,000 Operating expenses 640,000 Depreciation expense 58,000 Income tax expense 48,000 Total expenses 1,876,000 Net income $ 124,000 PEACH COMPUTER Selected Balance Sheet Data December 31 Increase (6) or 2018 2017 Decrease (D) $110,000 $89,000 Cash $21,000 (0) Accounts receivable 45,800 53,000 7,200 (D) Inventory 83,000 59.000 24,000 (0) Prepaid rent 3,800 6,600 2,800 (D) Accounts payable 53,000 41,000 12,000 (1) Income tax payable 5,800 14,000 8,200 (D) Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the direct method. (List cash outflows as negative amounts.) PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2018 Cash flows from operating activities Cash paid for operating expenses Cash received from customers Cash paid to suppliers Net cash flows from operating activities $ 0