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The following information pertains to Guy's Gear Company: $146,250 Sales Expenses: Cost of Goods Sold Depreciation Expense Salaries Expense $90,675 12,600 18,800 122,075 Net Income

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The following information pertains to Guy's Gear Company: $146,250 Sales Expenses: Cost of Goods Sold Depreciation Expense Salaries Expense $90,675 12,600 18,800 122,075 Net Income $ 24,175 Accounts Receivable decrease Merchandise Inventory increase Salaries Payable increase $ 7,800 11,300 630 Required: Present the operating activities section of the statement of cash flows for Guy's Gear Company using the indirect method. (Amounts to be deducted should be indicated with minus sign.) Cash flows from operating activitiesindirect method Adjustments to reconcile net income to cash provided by operating activities Changes in current assets and current liabilities

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