The following information pertains to Peak Heights Company:
Income Statement for Current Year Sales $ 86,300
Expenses Cost of goods sold $ 51,875
Depreciation expense 7,400
Salaries expense 11,100 70,375
Net income $ 15,925
Partial Balance Sheet Current year Prior year Accounts receivable $ 10,300 $ 15,300 Inventory 13,400 8,200 Salaries payable 1,710 800 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.)