Fitz Company reports the following information.

Selected Annual Income Statement Data				Selected Year-End Balance Sheet Data
Net income	$	397,000		Accounts receivable decrease	$	80,300
Depreciation expense		46,800		Inventory decrease		48,000
Amortization expense		7,400		Prepaid expenses increase		6,200
Gain on sale of plant assets		6,400		Accounts payable decrease		10,300
				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.)

Fitz Company reports the following information.

Selected Annual Income Statement Data				Selected Year-End Balance Sheet Data
Net income	$	397,000		Accounts receivable decrease	$	80,300
Depreciation expense		46,800		Inventory decrease		48,000
Amortization expense		7,400		Prepaid expenses increase		6,200
Gain on sale of plant assets		6,400		Accounts payable decrease		10,300
				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.)