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         $ 380.0   Cost of goods sold           (190.0 ) Gross margin           190.0   Salaries expense $ 43.0           Insurance expense   20.0           Depreciation expense   9.0           Loss on sale of land   7.0       79.0   Income before tax           111.0   Income tax expense           (55.5 ) Net income         $ 55.5       Reconciliation of Net Income To Net Cash Flows from Operating Activities Net income $ 55.5   Adjustments for Noncash Effects       Depreciation expense   9.0   Loss on sale of land   7.0   Changes in operating assets and liabilities:       Decrease in accounts receivable   11.0   Increase in inventory   (38.0 ) Decrease in accounts payable   (23.0 ) Increase in salaries payable   15.0   Decrease in prepaid insurance   11.5   Increase in income tax payable   52.5   Net cash flows from operating activities $ 100.5     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). Calculate each of the following amounts for Peach Computers. (Enter your answers in thousands rounded to 1 decimal place (i.e., 5,500 should be entered as 5.5). Cash outflows must be indicated with a minus

Please complete the statement of cashflows as required below:   A comparative balance sheet and an income statement for Burgess Company are given below:   Burgess CompanyComparative Balance Sheet(dollars in millions)   Ending Balance Beginning Balance Assets     Current assets:     Cash and cash equivalents $ 44 $ 91 Accounts receivable 690 633 Inventory 675 630 Total current assets 1,409 1,354 Property, plant, and equipment 1,555 1,529 Less accumulated depreciation 800 666 Net property,plant, and equipment 755 863 Total assets $ 2,164 $ 2,217 Liabilities and Stockholders' Equity     Current liabilities:     Accounts payable $ 270 $ 165 Accrued liabilities 185 165 Income taxes payable 87 77 Total current liabilities 542 407 Bonds payable 440 650 Total liabilities 982 1,057 Stockholders' equity:     Common stock 170 170 Retained earnings 1,012 990 Total stockholders' equity 1,182 1,160 Total liabilities and stockholders' equity $…

Required:             Prepare the DuVall Candy Company statement of cash flows, using the indirect method.                   DuVall Candy Company   Income Statement   For the Year Ended December 31, 2022                 ($ in thousands)           Sales Revenue      $                   17,650   Operating Expenses:           Cost of Goods Sold                         7,200     Selling Expense                         2,400     General and Admin Expense                       1,500     Total Operating Expenses                      11,100   Operating Income                           6,550       Interest Expense                               200   Income before Income Taxes                         6,350   Income Tax Expense                           2,500   Net Income                           3,850                 Balance Sheet Information ($ in thousands)   Dec. 31, 2022 Dec. 31, 2021 Assets:             Cash        $                      7,350…

GDM Equipment, Inc. reported the following data for 2025: View the data. Compute GDM Equipment, Inc.'s net cash provided by operating activities-indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash.) GDM Equipment, Inc. Statement of Cash Flows (Partial) Year Ended December 31, 2025 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Net Cash Provided by (Used for) Operating Activities Data ... Income Statement: Net Income Depreciation Expense $ 46,000 9,500 Balance Sheet: Increase in Accounts Receivable 8,000 Decrease in Accounts Payable 3,000 Print Done - ☑