The following information pertains to Guy's Gear Company: $80,000 Sales Expenses: Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Decrease Inventory Increase Salaries and Wages Payable Increase $50,000 6,000 12, 220 68,000 $12,000 $ 4,000 8,000 750 Required: Present the operating activities section of the statement of cash flows for Guy's Gear Company using the ind be deducted should be indicated with a minus sign.) GUY'S GEAR COMPANY Cash Flows from Operating Activities-Indirect Method Adjustments to Reconcile Net Income to Cash Provided by Operating Activities The following information pertains to Guy's Gear Company: $80,000 Sales Expenses: Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Decrease Inventory Increase Salaries and Wages Payable Increase $50,000 6,000 12,000 33 68,000 $12,000 $ 4,000 8,000 750 Required: Present the operating activities section of the statement of cash flows for Guy's Gear Company using the indirect method be deducted should be indicated with a minus sign.) GUY'S GEAR COMPANY Cash Flows from Operating ActivitiesIndirect Method Adjustments to Reconcile Net Income to Cash Provided by Operating Activities Required: Present the operating activities section of the statement of cash flows for Guy's Gear Company using the indirect method be deducted should be indicated with a minus sign.) GUY'S GEAR COMPANY Cash Flows from Operating Activities-Indirect Method Adjustments to Reconcile Net Income to Cash Provided by Operating Activities Changes in Current Assets and Current Liabilities $ $ 0