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The following information pertains to Guy's Gear Company Sales Expenses $79,000 Cost of Goods Sold Depreciation Expense Salaries and Wages Expense $ 49,500 5,900 11,900
The following information pertains to Guy's Gear Company Sales Expenses $79,000 Cost of Goods Sold Depreciation Expense Salaries and Wages Expense $ 49,500 5,900 11,900 67,300 Net Income $11,700 $ 3,900 7,900 740 Accounts Receivable Decrease Inventory Increase Salaries and Wages Payable Increase 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 Flow from Operating Activities Indirect Method Adjustments to Reconcile Net Income to Cash Provided by Operating Activities Changes in Crrt Assets and Current Liabilities
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