E12-21 {Chapter Supplement A] Reporting Cash Flows from Operating Activities from an Analyst's Perspective {Direct Method] Refer to the information for Peak Heights Company:r in Exercise 121 Required: Present the operating activities section of the statement of cash flows for Peak Heights Company using the direct method 1' Income Statement for Current leer Sales Expenses Cost of goods sold $5 l ,3?5 Depreciation expense 6.0m Salaries expense [AGED Net income Partial Halance Sheet Current Year Accounts receivable Inventory Salaries payable