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 $ 350.0 Cost of goods sold (210.0) Gross nargin 140.0 Salaries expense $39.0 Insurance expense, 16.0 Depreciation expense 7. Loss on sale of land 5. 67.0 Income before tax 73.0 Income tax expense (36.5) Net income $36.5 Reconciliation of Net Income To Net Cash Flows fron Operating Activities Net income $ 36.5 Adjustments for Noncash Effects Depreciation expense 7.0 Loss on sale of land 5.0 Changes in operating assets and liabilities: Decrease in accounts receivable 9.0 Increase in inventory (28.0) Decrease in accounts payable (17.0) Increase in salaries payable 11.0 Decrease in prepaid insurance 10.5 Increase in income tax payable 33.9 Net cash flows from operating activities $ 67.9 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 below. Required 1 Required 2 Calculate cach of the following amounts for Peach Computers. (Enter your answers in thousands rounded to 1 decimal place (1.e., 5,500 should be entered as 5.5). Cash outflows must be indicated with a minus sign.) 3. b C Cash received from customers during the reporting period, Cash paid to suppliers of goods during the reporting period Cash paid to employees during the reporting period Cash paid for insurance during the reporting period Cash paid for income taxes during the reporting period d. e Required 2 >