Income Statement for Current Year Sales $ 85, 800 Expenses Cost of goods sold $51,775 Depreciation expense 8,100 Salaries expense 11,300 71,175 Net income $ 14,625 Partial Balance Sheet Accounts receivable Inventory Salaries payable Current Prior year year $10,700 $ 15,800 13,400 8,700 1,660 930 Required: Present the operating activities section of the statement of cash flows for Company using the indirect method. (List cash outflows as negative am PEAK HEIGHTS COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities