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3. 20.00 points The following information pertains to Peak Heights Company: Income Statement for Current Year S 86,800 Sales Expenses Cost of goods sold Depreciation

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3. 20.00 points The following information pertains to Peak Heights Company: Income Statement for Current Year S 86,800 Sales Expenses Cost of goods sold Depreciation expense Salaries expense 51,875 7,800 10,300 69,975 $ 16,825 Net income Current Partial Balance Sheet Accounts receivable Inventory Salaries payable Prior year 10,500 $ 12,800 13,300 9,900 870 1,560 Required Present the operating activities section of the statement of cash flows for Peak Heights Company using the indirect method. (List cash outflows as negative amounts.) PEAK HEIGHTS COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities

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