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The following information pertains to Guy's Gear Company: Sales $83,250 Expenses Cost of Goods Sold Depreciation Expense Salaries Expense $51,615 9,300 16,600 77,515 Net Income
The following information pertains to Guy's Gear Company: Sales $83,250 Expenses Cost of Goods Sold Depreciation Expense Salaries Expense $51,615 9,300 16,600 77,515 Net Income $5,735 Accounts Receivable decrease Merchandise Inventory increase Salaries Payable increase $13,100 11,200 1,170 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 minus sign.) 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
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