The following information pertains to Peak Heights Company: Income Statement for Current Year Sales Expenses. Cost of goods sold Depreciation expense Salaries expense Net income $87,000 $51,875 7,700 10,700 70,275 $16,725 Partial Balance Sheet Accounts receivable Inventory Current Prior year year $10,200 $14,100 12,900 ,700 800 Salaries payable Required: 1,730 Present the operating activities section of the statement of cash flows for Peak Heights Company using the direct method. (List cash outflows as negative amounts.) PEAK HEIGHTS COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities