no handwriting

E12-7 (Algo) Reporting Cash Flows from Operating Activities (Indirect Method) LO12-2 The following information pertains to Peak Heights Company Income Statement for Current Year Sales $ 85,500 Expenses Cost of goods sold $51,775 Depreciation expense 8.100 Salaries expense 10,100 69,975 Net income $15.525 Partial Balance Sheet Accounts receivable Inventory Salaries payable Current Prior year year $11.300 $15.400 12.300 9.500 1,670 970 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