The following information pertains to Peak Heights Company Income Statement for current Year Sales $ 86,300 Expenses Cost of goods sold $51,675 Depreciation expense Salaries expense 11,700 70,875 Net income $ 15,425 7,500 Partia Balance Sheet Accounts receivable Inventory Salaries payable Current Prior year year $10,000 $ 14,100 13,800 8,500 1,560 870 Required: Present the operating activities section of the statement of cash flows for Peak Heights Company using the indirect method (List cosh outflows as negative amounts.) 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