E12-8 (Algo) Reporting Cash Flows from Operating Activities (Indirect Method) [LO 12-2] The following information pertains to Guy's Gear Company Sales 5.78.000 Expenses: Cost of Goods Sold $ 49,000 Depreciation Expense 5.800 Salaries and wages Expense Net Income 3 11400 Accounts Receivable Decrease 53,500 Inventory Increase 7.300 Salaries and a payable Increase 730 Required Present the operating activities section of the statement of cohows 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 Income Anments to Reconcile Net Income to Cash Provided Operating this Required: Present the operating activities section of the statement of cash flows for Guy's Gear Company using t be deducted should be indicated with a minus sign.) 3:56 GUY'S GEAR COMPANY Cash Flows from Operating Activities--Indirect Method Net Income Adjustments to Reconcile Net Income to Cash Provided by Operating Activities Changes in Current Assets and Current Liabilities Net Cash Used in Operating Activities