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The following information pertains to Guys Gear Company: ...

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Accounting

The following information pertains to Guys Gear Company:

Sales $ 70,000
Expenses:
Cost of Goods Sold $ 45,000
Depreciation Expense 5,000
Salaries and Wages Expense 11,000 61,000
Net Income $ 9,000
Accounts Receivable Decrease $ 3,000
Inventory Increase 7,000
Salaries and Wages Payable Increase 650

Required:

Present the operating activities section of the statement of cash flows for Guys Gear Company using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

guy gear company

cash

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