value 0.22 points E12-8 Reporting Cash Flows from Operating Activities (Indirect M The following information pertains to Guy's Gear Company: $80,000 Sales Expenses: Cost of Goods Sold $50,000 6,000 12,000 Depreciation Expense Salaries and Wages Expense 68,000 Net Income $12,000 Accounts Receivable decrease Inventory increase Salaries and Wages Payable increase S 4,000 8,000 750 Required: Present the operating activities section of the statement of cash flows for Guy's Gear Com 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 Changes in Current Assets and Current Liabilities O Type here to search