The following information pertains to Peak Heights Company:

Income Statement for Current Year

Sales

$

86,700

Expenses

Cost of goods sold

$

51,675

Depreciation expense

6,800

Salaries expense

11,900

70,375

Net income

$

16,325

Partial Balance Sheet

Current year

Prior year

Accounts receivable

$

10,100

$

14,100

Inventory

12,200

9,300

Salaries payable

1,620

940

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.)