The following information pertains to Guy's Gear Company: $81,000 Sales Expenses: Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Decrease Inventory Increase Salaries and Wages Payable Increase $50,500 6,100 12,100 68,700 $12,300 $ 4,100 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 12,300 6,100 Cash Flows from Operating ActivitiesIndirect Method Net Income $ Adjustments to Reconcile Net Income to Cash Provided by Operating Activities Depreciation Inventory Increase Changes in Current Assets and Current Liabilities Accounts Receivable Decrease Salaries and Wages Payable Increase Inventory Increase 18,400 4,100 760 (8,100) $ 33,560