Fitz Company reports the following information.

Selected Annual Income Statement Data		Selected Year-End Balance Sheet Data
Net income	$ 379,000	Accounts receivable decrease	$ 140,700
Depreciation expense	46,000	Inventory decrease	46,500
Amortization expense	8,100	Prepaid expenses increase	5,800
Gain on sale of plant assets	7,900	Accounts payable decrease	10,100
		Salaries payable increase	1,300

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 Net income Depreciation expense Amortization expense Gain on sale of plant assets Selected Year-End Balance Sheet Data $ 379,000 Accounts receivable decrease 46,000 Inventory decrease 8,100 Prepaid expenses increase 7,900 Accounts payable decrease Salaries payable increase $ 140,700 46,500 5,800 10,100 1,300 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.) Answer is complete but not entirely correct. s 379,000 Statement of Cash Flows (partial) Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Decrease in accounts payable Decrease in accounts receivable X (10,100) 140.700 X 46,500 8.100 X Decrease in inventory Changes in current operating assets and liabilities Amortization expense Gain on sale of plant assets Depreciation expense Increase in prepaid expenses Increase in salaries payable (7.900) 46.000 x (5,800) 1.300 Net cash provided by operating activities 597,800