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3. 20.00 points The following information pertains to Guy's Gear Company: Sales Expenses: $80,000 $50,000...

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3. 20.00 points The following information pertains to Guy's Gear Company: Sales Expenses: $80,000 $50,000 6,000 12,000 Cost of Goods Sold Salaries and Wages Expense 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 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) GUY'S GEAR COMPANY Cash Flow from Operating Activities-Indirect Method et Income Adjustments to Reconcile Net Income to Cash Provided by Operating Activities Changes in Current Assets and Current Liabilities 0

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