Question: i got confised wotht this. please help me fill it out. thanks Saved Portions of the financial statements for Peach Computer are provided below. $1,950,000
Saved Portions of the financial statements for Peach Computer are provided below. $1,950,000 PEACH COMPUTER Income Statement For the year ended December 31, 2024 Net sales Expenses: Cost of goods sold $1,110,eee Operating expenses 620, eee Depreciation expense 56,eee Income tax expense 46,Bee Total expenses Net income 1,832, eee $118, eee PEACH COMPUTER Selected Balance Sheet Data December 31 nces Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable 2024 $108, eee 45,689 81, eee 3,600 51,800 5,600 2823 $88,888 52, eee 58, eee 6,280 40, eee 13 , Increase (I) or Decrease (0) $2e, eee (1) 6,400 (D) 23,eee (I) 2,600 (D) 11,800 (I) 7,480 (D Required: Prepare the operating activities section of the statement of cash flows for Peach Computer using the deducted should be indicated with a minus sign.) PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Cash flows from operating activities Net incomo $ 118,000 Depreciation expense 56,000 Decrease in accounts receivable 6,400 Increase in inventory (23,000) Decrease in prepaid rent 2,800 Increase in accounts payable (7,000) Not cash flows from operating activities S 153 000
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