Answer Happy

Saved E12-7 (Algo) Reporting Cash Flows from Operating Activities (Indirect Method) LO12-2 The following information pertains to Peak Heights Company: Income Statement for Current Year Sales Expenses $86,400 $51,875 8,300 Cost of goods sold Depreciation expense Salaries expense Net income 10,800 70,975 $15,425 year Partial Balance Sheet Accounts receivable Inventory Salaries payable Current Prior year $11,200 $15,600 13,300 1,590 8,200 930 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: Help
Present the operating activities section of the stater outflows as negative amounts.) PEAK HEIGHTS COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities: Net income Net loss
ok t nces Accounts rece 13,300 8,200 Inventory Salaries payable 1,590 930 Required: Present the operating activities section of the stateme outflows as negative amounts.) PEAK HEIGHTS COMPANY Statement of Cash Flows (Partial) Cash flows from operating activities: Accounts receivable decrease Accounts receivable increase Depreciation expense Inventory decrease