Fitz Company reports the following information.

Selected Annual Income Statement Data Selected Year$-$End Balance Sheet Data

Net income $ $412,000$ Accounts receivable decrease $ $20,100$

Depreciation expense $49,600$ Inventory decrease $48,500$

Amortization expense $8,900$ Prepaid expenses increase $4,900$

Gain on sale of plant assets $6,000$ Accounts payable decrease $9,500$

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 $31.$

Note: Amounts to be deducted should be indicated with a minus sign.