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The following information pertains to Peak Heights Company: Income Statement for Current Year Sales $ 86,000 Expenses Cost of goods sold $51,875 Depreciation expense 7,000

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The following information pertains to Peak Heights Company: Income Statement for Current Year Sales $ 86,000 Expenses Cost of goods sold $51,875 Depreciation expense 7,000 Salaries expense 11,700 70,575 Net income $ 15,425 Partial Balance Sheet Accounts receivable Inventory Salaries payable Current Prior year year $10,900 $ 14,900 12,800 9,400 1,710 940 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.) PEAK HEGHTS COMPANY Statment of Cash Flows (Partian Cash flows from operating activities

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