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Fitz Company reports the following information. Selected Annual Income Statement Data Selected Year-End...

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Accounting

Fitz Company reports the following information.
Selected Annual Income Statement Data Selected Year-End Balance Sheet Data
Net income $ 412,000 Accounts receivable decrease $ 20,100
Depreciation expense 49,600 Inventory decrease 48,500
Amortization expense 8,900 Prepaid expenses increase 4,900
Gain on sale of plant assets 6,000 Accounts payable decrease 9,500
Salaries payable increase 2,400
Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31.
Note: Amounts to be deducted should be indicated with a minus sign.

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