The following information pertains to Peak Heights Company: Income Statement for Current Year Sales Expenses Cost of goods sold $ 86,500 $51,775 Depreciation 8,300 expense Salaries expense 10,700 Net income 70,775 $ 15,725 Partial Balance Sheet Current year Prior year Accounts receivable $ 9,700 $ 15,500 Inventory 13,100 Salaries payable 1,560 8,100 800 Required: Present the operating activities section of the statement of cash flows for Peak Heights Company using the indirect method. Note: List cash outflows as negative amounts. PEAK HEIGHTS COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities: