E12-8 Reporting Cash Flows from Operating Activities (Indirect Metho The following information pertains to Guy's Gear Company $80,000 Sales Expenses: Cost of Goods Sold Depreciation Expense Salaries and Wages Expense $50,000 6,000 12.000 68,000 Net Income $12,000 Accounts Receivable decrease Inventory increase Salaries and Wages Payable increase $ 4,000 8,000 750 Required: Present the operating activities section of the statement of cash flows for Guy's Gear Company 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 Current Assets and Current Liabilities 0