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#3 make answer small so it would Fitz Company reports the following information Selected Annual Income Statement Data Net Income $385.000 Depreciation expense 48,480 Amortization

#3 make answer small so it would
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Fitz Company reports the following information Selected Annual Income Statement Data Net Income $385.000 Depreciation expense 48,480 Amortization expense 8,400 Gain on sale of plant assets 7,700 Selected Year-End Balance Sheet Data Accounts receivable decrease $113,200 Inventory decrease 51,500 Prepaid expenses increase 5,900 Accounts payable decrease 9,900 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 (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities Not income 5 $ 385,000 Adjustments to reconcile net income to me cash provided by operating activities 385.000

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