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The following information pertains to Guy's Gear Company: $89,000 Sales Expenses: $54,500 6,900 Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Net Income
The following information pertains to Guy's Gear Company: $89,000 Sales Expenses: $54,500 6,900 Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Decrease Inventory Increase Salaries and Wages Payable Increase 12,900 74,300 $14,700 S 4,900 8,900 840 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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