Fitz Company reports the following information.
Selected Annual Income Statement Data Selected YearEnd Balance Sheet Data
Net income $ Accounts receivable decrease $
Depreciation expense Inventory decrease
Amortization expense Prepaid expenses increase
Gain on sale of plant assets Accounts payable decrease
Salaries payable increase
Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December
Note: Amounts to be deducted should be indicated with a minus sign.
