E12-8 Reporting Cash Flows from Operating Activities (Indirect Method) 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 Salaries and Wages Payable increase $50,000 6,000 12,000 $ 4,000 8,000 750 $80,000 68,000 $12,000 Required: Present the operating activities section of the statement of cash flows for Guy's Gear Company using the indirect method.

E12-8 Reporting Cash Flows from Operating Activities (Indirect Method) The following information pertains to Guy's Gear Company: Required: Present the operating activities section of the statement of cash flows for Guy's Gear Company using the indirect method. E12-8 Reporting Cash Flows from Operating Activities (Indirect Method) The following information pertains to Guy's Gear Company: Required: Present the operating activities section of the statement of cash flows for Guy's Gear Company using the indirect method