The income statement and a schedule reconciling cash flows from operating activities to net income are provided below ($ in thousands) for Peach Computers. PEACH COMPUTERS Income Statement For the Year Ended December 31, 2021 Sales $ 545.0 Cost of goods sold (218.0 ) Gross margin 327.0 Salaries expense $ 65.0 Insurance expense 42.0 Depreciation expense 20.0 Loss on sale of land 18.0 145.0 Income before tax 182.0 Income tax expense (91.0 ) Net income $ 91.0 Reconciliation of Net Income To Net Cash Flows from Operating Activities Net income $ 91.0 Adjustments for Noncash Effects Depreciation expense 20.0 Loss on sale of land 18.0 Changes in operating assets and liabilities: Decrease in accounts receivable 22.0 Increase in inventory (93.0 ) Decrease in accounts payable (56.0 ) Increase in salaries payable 37.0 Decrease in prepaid insurance 17.0 Increase in income tax payable 85.8 Net cash flows from operating activities $ 141.8 Required: 1. Calculate each of the following amounts for Peach Computers. 2. Prepare the cash flows from operating activities section of the statement of cash flows (direct method).

In ledland, unemployed adults receive government assistance. to reduce unemployment, the government proposes to supplement the income of those who accept jobs that pay less than government assistance, thus enabling employers to hire workers cheaply. however, the supplement will not raise any worker's income above what government assistance would provide if he or she were not gainfully employed. therefore, unemployed people will have no financial incentive to accept jobs that would entitle them to the supplement. which of the following, if true about ledland, most seriously weakens the argument of the editorial? (a) the government collects no taxes on assistance it provides to unemployed individuals and their families.(b) neighboring countries with laws that mandate the minimum wage an employer must pay an employee have higher unemployment rates than ledland currently has.(c) people who are employed and look for a new job tend to get higher-paying jobs than job seekers who are unemployed.(d) the yearly amount unemployed people receive from government assistance is less than the yearly income that the government defines as the poverty level.(e) people sometimes accept jobs that pay relatively little simply because they enjoy the work.