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3 The following information pertains to Peak Heights Company: Sales Income Statement for Current Year 20 points $ 86,600 Expenses Cost of goods sold
3 The following information pertains to Peak Heights Company: Sales Income Statement for Current Year 20 points $ 86,600 Expenses Cost of goods sold Depreciation expense $51,675 6,600 Salaries expense Net income 10,300 68,575 $ 18,025 Current Prior eBook Partial Balance Sheet Accounts receivable year $10,500 $14,200 year Inventory 12,700 9,700 Salaries payable 1,650 830 Print References 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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