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 $ 93,000 $ 51,875 6,000 12,000 69,875 $ 23,125 Partial Balance Sheet Current year Accounts receivable Inventory Salaries payable $ 10,500 13,000 2,250 Prior year $ 12,000 8,000 800 Required: Present the operating activities section of the statement of cash flows for Peak Heights Company using the direct method. All inventory purchases are paid with cash, and the balance in accounts payable is zero for both the current and prior years. Note: List cash outflows as negative amounts.