Please review and solve for the correct answer. kindly show the workings. Thank you,

The following information pertains to Guy's Gear Company: $80,000 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 68,000 $12,000 $ 4,000 8,000 750 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 Net Income $ 12,000 Adjustments to Reconcile Net Income to Cash Provided by Operating Activities Depreciation 6,000 Accounts Receivable Increase 4,000 Changes in Current Assets and Current Liabilities Salaries and Wages Payable Increase 750 Inventory Increase (8,000) Net Cash Provided by Operating Activities $ 14,750