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The following information pertains to Guy's Gear Company Sales Expenses: $84,000 Cost of Goods Sold $52,000 6,400 Depreciation Expense Salaries and Wages Expense Net Income

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The following information pertains to Guy's Gear Company Sales Expenses: $84,000 Cost of Goods Sold $52,000 6,400 Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Decrease Inventory Increase Salartes and Wages Payabie Increase 12,400 70.80e 2:00 s4,400 8,400 790 Required: Present the operating activities section of the statement of.cash flows for Guy's Gear Company using the indirect method be deducted should be indicated with a minus signd GUY'S GEAR COMPANY Cash Flows from Operating Activiaties-tndicect Methiod Net Income Adjustments to Reconcle Net Income to Cash 13 200 Accounts Recevable Decrease 4 400 reciation 6 400 Changes in Current Assets and Current Uabities Net Income Adjustments to Reconcile Net Income to Cash Provided by Operating Activities Accounts Receivable Decrease Depreciation S 13,200 eBook Print 4,400 6,400 References Changes in Current Assets and Current Liabilities Inventory Decrease Salaries and Wages Payable Increase S24,000

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