Connect Homework: Chapter 12 Fitz Company reports the following information. points Selected Annual Income Statement Selected Year-End Balance Sheet Data Data Net income $397,000 Accounts receivable decrease $103,900 Depreciation expense 46,400 Inventory decrease 46,500 Amortization expense 7,800 Prepaid expenses increase 6,800 Gain on sale of plant 7,100 Accounts payable decrease 9,000 assets Salaries payable increase 1,500 eBook Hint 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.) Print Statement of Cash Flows (partial) Cash flows from operating activities References Adjustments to reconcile net income to net cash provided by operating activities