Income Statement for Current Year Sales $ 85,400 Expenses Cost of goods sold Depreciation expense 8,000 Salaries expense 11,500 71,275 Net income $ 14,125 $51,775 Partial Balance Sheet Accounts receivable Inventory Salaries payable Current Prior year year $ 10,500 $ 14, 400 12, 2009,000 1,650 990 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.) PANY PEAK HEIGHTS COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities: $ 0