Question: help please E12-7 LO12-2 Reporting Cash Flows from Operating Activities (Indirect Method) The following information pertains to Peak Heights Company: Income Statement for Current Year
E12-7 LO12-2 Reporting Cash Flows from Operating Activities (Indirect Method) The following information pertains to Peak Heights Company: Income Statement for Current Year $93.000 $51.875 6,000 12.000 Sales Expenses Cost of goods sold Depreciation expense Salaries expense Net income Partial Balance Sheet Accounts receivable Inventory Salaries payable 69,875 $23.125 Prior Year Current Year $10,500 13,000 2,250 $11,000 8,000 800 Required: Present the operating activities section of the statement of cash flows for Peak Heights Company using the indirect method
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