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The following information pertains to Guy's Gear Company: $81,000 Sales Expenses: Cost of Goods Sold $50,500 6,100 Depreciation Expense 12,100 68,7e $12,30e Salaries and Wages

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The following information pertains to Guy's Gear Company: $81,000 Sales Expenses: Cost of Goods Sold $50,500 6,100 Depreciation Expense 12,100 68,7e $12,30e Salaries and Wages Expense Net Income Accounts Receivable Decrease Inventory Increase Salaries and Wages Payable Increase $ 4,180 8,100 760 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 Flows 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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