9. value 1.50 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 $2,050,000 Net sales Expenses: 1,150,000 660,000 60,000 50,000 Cost of goods sold Depreciation expense Income tax expense Total expenses 1,920,000 Net income 130,000 PEACH COMPUTER Selected Balance Sheet Data December 31 Increase (1) or 2018 2017 Decrease (D) Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable $112,000 $90,000 46,00054,000 60,000 7,000 55,000 42,000 6,000 15,000 $22,000 () 25,000 (I) 13,000 (0) 8,000 (D) 3,000 (D) 9,000 (D) 85,000 4,000