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The following information pertains to Guy's Gear Company: $77,000 Sales Expenses $48,500 Cost of Goods Sold Depreciation Expense 5,700 Salaries and Wages Expense 11,700 65.900
The following information pertains to Guy's Gear Company: $77,000 Sales Expenses $48,500 Cost of Goods Sold Depreciation Expense 5,700 Salaries and Wages Expense 11,700 65.900 Net Income 11,100 3,700 Accounts Receivable Decrease Inventory increase 7,700 Salaries and Wages Payable Increase 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 a minus sign.) GUY'S GEAR COMPANY Cash Flow from operating Activities Indirect Method Adjustments to Reconcile Net Income to Cash Provided by Operating Activities Changes in Current Assets and Current Liabilities
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