es Exercise 11-9 (Algo) Calculate operating activities-indirect method (LO11-3) Portions of the financial statements for Peach...

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es Exercise 11-9 (Algo) Calculate operating activities-indirect method (LO11-3) Portions of the financial statements for Peach Computer are provided below. Net sales Expenses: PEACH COMPUTER Income Statement For the year ended December 31, 2024 Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net income Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable PEACH COMPUTER Selected Balance Sheet Data December 31 $1,030,000 540,000 48,000 38,000 2024 $100,000 46,200 73,000 2,800 43,000 4,800 Cash flows from operating activities: 2023 $84,000 50,000 54,000 4,600 36,000 9,000 PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 $1,750,000 1,656,000 $94,000 Increase (I) or Decrease (D) $16,000 (I) 3,800 (D) 19,000 (I) 1,800 (D) (I) (D) Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) 7,000 4,200 es Exercise 11-9 (Algo) Calculate operating activities-indirect method (LO11-3) Portions of the financial statements for Peach Computer are provided below. Net sales Expenses: PEACH COMPUTER Income Statement For the year ended December 31, 2024 Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net income Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable PEACH COMPUTER Selected Balance Sheet Data December 31 $1,030,000 540,000 48,000 38,000 2024 $100,000 46,200 73,000 2,800 43,000 4,800 Cash flows from operating activities: 2023 $84,000 50,000 54,000 4,600 36,000 9,000 PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 $1,750,000 1,656,000 $94,000 Increase (I) or Decrease (D) $16,000 (I) 3,800 (D) 19,000 (I) 1,800 (D) (I) (D) Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) 7,000 4,200

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