The following information pertains to Peak Heights Company: $ 86,000 Income Statement for Current Year Sales Expenses Cost of goods sold $ 51,775 Depreciation expense 7,500 Salaries expense 11,000 Net income 70,275 15,725 $ Current Prior year Partial Balance Sheet Accounts receivable Inventory Salaries payable year $ 11,000 13,700 1,680 $ 13,100 8,400 990 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.) PEAK HEIGHTS COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities