4 points The following information pertains to Guy's Gear Company: Sales Expenses: Cost of Goods Sold...

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4 points The following information pertains to Guy's Gear Company: Sales Expenses: Cost of Goods Sold Depreciation Expense Salaries and Wages Expense $ 54,000 6,800 12,800 Net Income Book Accounts Receivable Decrease Inventory Increase H Salaries and Wages Payable Increase P $ 88,000 73,600 $14,400 $ 4,800 8,800 830 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 Adjustments to Reconcile Net income to Cash Provided by Operating Activites Changes in Current Assets and Current Liabi The following information pertains to Guy's Gear Company: Sales Expenses: Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Decrease Inventory Increase $ 88,000 $ 54,000 6,800 12,800 73,600 $ 14,400 $ 4,800 8,800 Salaries and Wages Payable Increase Required: 830 Present the operating activities section of the statement of cash flows for Guy's Gear Com be deducted should be indicated with a minus sign.) GUY'S GEAR COMPANY 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 4 points The following information pertains to Guy's Gear Company: Sales Expenses: Cost of Goods Sold Depreciation Expense Salaries and Wages Expense $ 54,000 6,800 12,800 Net Income Book Accounts Receivable Decrease Inventory Increase H Salaries and Wages Payable Increase P $ 88,000 73,600 $14,400 $ 4,800 8,800 830 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 Adjustments to Reconcile Net income to Cash Provided by Operating Activites Changes in Current Assets and Current Liabi The following information pertains to Guy's Gear Company: Sales Expenses: Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Decrease Inventory Increase $ 88,000 $ 54,000 6,800 12,800 73,600 $ 14,400 $ 4,800 8,800 Salaries and Wages Payable Increase Required: 830 Present the operating activities section of the statement of cash flows for Guy's Gear Com be deducted should be indicated with a minus sign.) GUY'S GEAR COMPANY 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