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4&5 0 Helps Fitz Company reports the following information. Use the indirect method to prepare only the operating activities section of its statement of cash

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4&5 0 Helps Fitz Company reports the following information. Use the indirect method to prepare only 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 Selected Annual Income Statement Data Net income $374,000 Depreciation expense 44,000 Amortization expense 7,209 6,000 Selected Year-End Balance Sheet Data Accounts receivable decrease $17,189 Inventory decrease 42,eee Prepaid expenses increase 4,789 Accounts payable decrease 8,280 Salaries payable increase 1,200 nces Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities

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