The following information pertains to Peak Heights Company: Income Statement for Current Year Sales Expenses $85,700 Cost of goods sold$51,875 Depreciation expense Salariesexpense 8,100 10,600 70,575 $15,125 Net income Current Partial Balance Sheet year Prior year Accounts receivable $10,300 $12,300 Inventory Salaries 12,000 8,500 payable 1,690 830 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 COMPAN Statement of Cash Flows (Partial) Cash flows from operating activities