The income statement and a schedule reconciling cash flows from operating activities to net income are provided below ($ in thousands) for Peach Computers.

Required:1. Calculate each of the following amounts for Peach Computers:a. Cash received from customers during the reporting periodb. Cash paid to suppliers of goods during the reporting periodc. Cash paid to employees during the reporting periodd. Cash paid for insurance during the reporting periode. Cash paid for income taxes during the reporting period2. Prepare the cash flows from operating activities section of the statement of cash flows (direct method).

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PEACH COMPUTERS Reconciliation of Net Income To Net Cash Flows from Operating Activities Income Statement For the Year Ended December 31, 2021 $ 22 $305 Net income Sales 185 Cost of goods sold Adjustments for Noncash Effects Depreciation expense 11 Gross margin 120 Loss on sale of land Salaries expense $41 Insurance expense Changes in operating assets and liabilities: 19 Depreciation expense 11 Decrease in accounts receivable Increase in inventory Loss on sale of land 76 (13) (8) Decrease in accounts payable Increase in salaries payable Income before tax 44 Income tax expense 22 Decrease in prepaid insurance Increase in income tax payable $ 22 20 Net income $ 57 Net cash flows from operating activities