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 $ 86,500 $51,775 70,175 6,900 11,500 $ 16,325 Partial Balance Sheet Accounts receivable Current Prior year year $10,000 $15,000 Inventory Salaries payable Required: 12,600 1,640 9,900 890 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