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Portions of the financial statements for Peach Computer are provided below.

PEACH COMPUTER Income Statement For the year ended December 31, 2018
Net sales		$1,900,000
Expenses:
Cost of goods sold	$1,090,000
Operating expenses	600,000
Depreciation expense	54,000
Income tax expense	44,000
Total expenses		1,788,000
Net income		$ 112,000

PEACH COMPUTER Selected Balance Sheet Data December 31
	2018	2017	Increase (I) or Decrease (D)
Cash	$106,000	$87,000	$19,000	(I)
Accounts receivable	45,400	51,000	5,600	(D)
Inventory	79,000	57,000	22,000	(I)
Prepaid rent	3,400	5,800	2,400	(D)
Accounts payable	49,000	39,000	10,000	(I)
Income tax payable	5,400	12,000	6,600	(D)

Required:Prepare the operating activities 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.)

	PEACH COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2018 Cash flows from operating activities: Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities $0

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