The following information pertains to Peak Heights Company: Income Statement for Current Year Sales $ 86, 800 Expenses Cost of goods sold $51,775 Depreciation expense 7,500 Salaries expense 11,500 70, 775 Net income $ 16,025 Partial Balance Sheet Accounts receivable Inventory Salaries payable Current Prior year year $10,600 $ 13,900 13,800 9, 200 1,710 830 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 COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities: Net income