Portions of the financial statements for Peach Computer are provided below. Net sales Expenses: PEACH COMPUTER Income Statement For the year ended December 31, 2024 Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net income $1,650,000 $990,000 500,000 44,000 34,000 1,568,000 $82,000 Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable Required: PEACH COMPUTER Selected Balance Sheet Data December 31 Increase (I) or 2824 $96,000 2023 Decrease (D) $82,000 $14,000 (I) 46,600 52,000 5,400 (D) 69,000 52,000 17,000 (I) 2,400 3,800 1,400 (D) 39,000 34,000 5,000 (I) 4,400 7,000 2,600 (D) Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method. (Amounts to be 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: Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities

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