Fitz Company reports the following information.

Selected Annual Income Statement Data				Selected Year-End Balance Sheet Data
Net income	$	388,000		Accounts receivable decrease	$	164,400
Depreciation expense		48,800		Inventory decrease		51,500
Amortization expense		9,000		Prepaid expenses increase		4,800
Gain on sale of plant assets		7,700		Accounts payable decrease		9,800
				Salaries payable increase		2,300

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.)