3 2 points PEACH COMPUTER Income Statement For the year ended December 31, 2021 Net sales $1,950,000 Expenses: Cost of goods $1,110,000 sold Operating 620,000 expenses Depreciation expense 56,000 Income tax 46,000 expense Total 1,832,000 expenses Net income 118,000 Print Reference PEACH COMPUTER Selected Balance Sheet Data December 31 Increase (I) or Decrease 2021 2020 (D) Cash $108,000 $88,000 $20,000 (I) Accounts receivable 45,600 52,000 6,400 (D) Inventory 81,000 58,000 23,000 (I) Prepaid rent 3,600 6,200 2,600 (D) Accounts 51,000 40,000 11,000 (1) payable tax payable 5,600 13,000 7,400 (D) Income Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method. (List cash outflows and any decrease in cash as negative amounts.) PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2021 Cash flows from operating activities: Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities