The following information pertains to Peak Heights Company Income Statement for Current Year Sales $86,000 Cost of goods sold Depreciation expense Salaries expense 51,875 6,700 11,900 70,475 Net income 15,525 Current Partial Balance Sheet Prior year 11,400 13,600 3,900 9,200 Inventory Salaries payable 1,570 1,000 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.) HEIGHTS Statement of Cash Flows Cash flows from operating activities: S 15.525 6,700 2.200 4,700 570 Net income Depreciation expense Salaries payable increase 29,695