Saved Homework The following information pertains to Peak Heights Company: Income Statement for Current Year Sales $ 86,700 Expenses Cost of goods sold $51,775 Depreciation expense 7,600 Salaries expense 11,900 71,275 Net income $ 15,425 Partial Balance Sheet Accounts receivable Inventory Salaries payable Current year $10,400 12,600 1,610 Prior year $ 15,300 9,600 840 Required: Present the operating activities section of the statement of cash flows for Peak Heights Company using the indirect m outflows as negative amounts.) PEAK HEIGHTS COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities