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The following information pertains to Peak Heights Company: Income Statement for Current Year $ 85,700...

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Accounting

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The following information pertains to Peak Heights Company: Income Statement for Current Year $ 85,700 Sales Expenses $ 51,775 6,600 11.000 69,375 Salaries expense Net income $ 16,325 Current Prior year year Partial Balance Sheet Accounts receivable Inventory $10,800 $ 13,900 12,200 8,100 Salaries payable 1.740 930 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 HEIGHTS COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities: Net income Depreciation expense Accounts receivable decrease Accounts receivable decrease Inventory increase Salaries payable increase Net cash used in operating activities Cost of goods sold Depreciation expense

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