Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2021 Net sales $ 1,775,000 Expenses: Cost of goods sold $ 1,040,000 Operating expenses 550,000 Depreciation expense 49,000 Income tax expense 39,000 Total expenses 1,678,000 Net income $ 97,000 PEACH COMPUTER Selected Balance Sheet Data December 31 2021 2020 Increase (I) or Decrease (D) Cash $ 101,000 $ 84,500 $ 16,500 (I) Accounts receivable 46,100 49,500 3,400 (D) Inventory 74,000 54,500 19,500 (I) Prepaid rent 2,900 4,800 1,900 (D) Accounts payable 44,000 36,500 7,500 (I) Income tax payable 4,900 9,500 4,600 (D) Required:
Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method.