Portions of the financial statements for Peach Computer are provided below.

Required:
Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirectmethod.

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PEACH COMPUTER Income Statement For the Year Ended December 31, 2015 Net sales Expenses S1,300,000 Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net income S850,000 320,000 60.000 20.000 PEACH COMPUTER Selected Balance Sheet Data December 31 Increase (I) or 2014 S87,000 S65,000 31,000 28,000 47,000 35,000 9.000 26,000 32,000 8,000 2015 Decrease Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable S22,000 (I) 3.000 (I) 12,000 (I) 5,000 (D) 6,000 (D) 4,000 (D) 4.000 4,000