Fitz Company reports the following information. Selected Annual Income Statement Data Net income Depreciation expense Amortization expense Gain on sale of plant assets Selected Year-End Balance Sheet Data $ 382,000 Accounts receivable decrease 47,400 Inventory decrease 8,780 Prepaid expenses increase 6,400 Accounts payable decrease Salaries payable increase $ 118,200 48,000 6,400 9,700 1,900 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.)