3 value: 1.00 points Exercise 11-11 Calculate operating activities-indirect method (L011-2) Portions of the financial statements for Peach Computer are provided below PEACH COMPUTER Income Statement For the year ended December 31,2018 Net sales Expenses: $1,775,000 Cost of goods sold Operating expenses Depreciation expense Income tax expense $1,040,000 550,000 49,000 9,000 Total expenses 1,678,000 Net income $ 97,000 PEACH COMPUTER Selected Balance Sheet Data Increase (0) or 2018 2017 Decrease (D) Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable Aaounts receivable 5100,000$4 .500 513.400 ( 46,100 49,5003,400 (C) 74,00054,500 19,500 (1) 1,900 (D) 7,500 () 2,900 4,800 44,000 36,500 4,900 9,5004,600 (D) Required Prepare the operating activinies 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) Staterment of Cash Flows (partial) Gash flows from cash flows from