The following Information pertains to Peak Heights Company Income Statement for 2015 85,800 Sales Expenses 51.675 Cost of goods sold Depreciation expense 7.200 Salaries expense 11,300 70.175 Net Income 15,625 Partial Balance Sheet Accounts receivable 2015 2014 $ 10.10012.900 12.100 8.200 1.720 860 Inventory Salarles payable Required: Present the operating activities section of the statement of cash flows for Peak Heights Company using the Indirect method. (List cash outfiows as negative amounts.) PEAK HEIGHTS COMPANY Statement of Cash Flows Cash flows from operating activities: Net income Depreciation expense Accounts receivable decrease Inventory Increase Salaries payable increase $ 15.825 7.200 3.500) 880 Net cash used in operating activities $ 20.005