W 11 1 1 Net sales. Expenses: Income Statement For the year ended December 31, 2024 Cost of goods sold Operating expenses Depreciation expense Income tax expense $1,020,000 Total expenses nts Net income Skipped PEACH COMPUTER $1,725,000 530,000 47,000 37,000 1,634,000 $91,000 Saved 2024 eBook Cash $99,000 Selected Balance Sheet Data December 31 Increase (I) or Decrease (D) $15,500 (1) 2023 $83,500 Accounts receivable 46,300 50,500 4,200 (D) Inventory 72,000 53,500 18,500 (I) Prepaid rent 2,700 4,400 1,700 (D) References Accounts payable 42,000 35,500 6,500 (I) Income tax payable 4,700 8,500 3,800 (D) Required: Prepare the operating activities section of the statement of cash flows for Peach Computer L deducted should be indicated with a minus sign.) PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Cash flows from operating activities Net cash flows from operating activities $ 0