Income Statement for Current Year $80,000 $60,000 $40,000 $20,000 $75,000 $42,500 $9,000 $15,000 $8,500 $0 Sales Cost of goods sold Depreciation expense Salaries expense Net income Partial Balance Sheet Accounts Receivable Current Year Prior Year Inventory Current Year Prior Year Salaries Payable Current Year $2,110 Prior Year $12,000 $13,500 $15,000 $16,520 $3,000 $0 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 $16,000 $18,000 *+ableau Required: Present the operating activities section of the statement of cash flows for Peak Heights Company using the indirect method. Note: List cash outflows as negative amounts. Voorhees Corp Statement of Cash Flows (Partial) Cash flows from operating activities: $ 19,630