The following information pertains to Guy's Gear Company:

Sales

Expenses:

$$80,000$

Cost of Goods Sold

Depreciation Expense

Salaries and Wages Expense

Net Income

Accounts Receivable Decrease

Inventory Increase

Salaries and Wages Payable Increase

$$50,000$

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