The following information pertains to Peak Heights Company: Income Statement for Current Year...
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Accounting
The following information pertains to Peak Heights Company: Income Statement for Current Year $ 86,100 Sales Expenses 51,775 Cost of goods sold Depreciation expense Salaries expense 6,500 11,800 70,075 Net income $ 16,025 Current Prior year Partial Balance Sheet Accounts receivable Inventory Salaries payable year S 11,500 12,800 12,900 8,200 970 1,610 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
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