Portions of the financial statements for peach computer are provided below. peach computer income statement for the year ended december 31, 2015net sales $2,050,000expenses: cost of goods sold $1,150,000operating expenses 660,000depreciation expense 60,000income tax expense 50,000total expenses 1,920,000net income $ 130,000peach computer selected balance sheet data december 31 2015 2014 increase (i) or decrease (d) cash $112,000 $90,000 $22,000 (i)accounts receivable 46,000 54,000 8,000 (d)inventory 85,000 60,000 25,000 (i)prepaid rent 4,000 7,000 3,000 (d)accounts payable 55,000 42,000 13,000 (i)income tax payable 6,000 15,000 9,000 (d)required: prepare the operating activities section of the statement of cash flows for peach computer using the direct method. (list cash outflows as negative amounts.)

See below.

Explanation:

Cash flow from operating activities is as follows:

Net income                                                                 $130,000

Add: Depreciation                                                      $60,000

Less: Increase in receivables                                -   ($8,000)

Add: Decrease in inventory                                        $25,000

Less: Prepaid rent increase                                   -   ($3,000)

Less: Decrease in payable                                     -    ($13,000)

Add: Increase in tax payable                                       $9,000

Net effect on CF from Operating activities                 $+200,000

This effect is added to the opening cash balance along with net effects from Investing and Financing activities to arrive at the closing cash balance.

Hope that helps.

the correct option is c

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are: