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The following information pertains to Guys Gear Company: Sales $ 80,000 Expenses: Cost of Goods Sold $ 50,000 Depreciation Expense 6,000 Salaries and Wages Expense

The following information pertains to Guys Gear Company:

Sales $ 80,000
Expenses:
Cost of Goods Sold $ 50,000
Depreciation Expense 6,000
Salaries and Wages Expense 12,000 68,000
Net Income $ 12,000
Accounts Receivable Decrease $ 4,000
Inventory Increase 8,000
Salaries and Wages Payable Increase 750

Required:

Present the operating activities section of the statement of cash flows for Guys Gear Company using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

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