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exercise 12-9 (go) indirect casniows Trom operaung activities LUP2 Fitz Company reports the following information Net income 5.391,600 Accounts receivable decrease 5.154,300 Depreciation expense 16,600
exercise 12-9 (go) indirect casniows Trom operaung activities LUP2 Fitz Company reports the following information Net income 5.391,600 Accounts receivable decrease 5.154,300 Depreciation expense 16,600 Inventory decrease 4,500 Amortization expense 9,000 Prepaid expenses increase 7.000 Sai con sale of plant assets 6.100 Accounts payable decrease 10, Salaries payable increase 1,400 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.) $ 391,000 Cash flows from operating activities Net Income Adjustments to reconcile net income to not cash provided by operating activities Income statement items not affecting cash Depreciation expense Amortization expense Gain on sale of plant annet Changes in current operating assets and liabilities 46.600 9.000 6.100
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