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Fitz Company reports the following information. Selected Annual Income Statement Data Selected Year-End Balance Sheet Data Net income $ 370,000 Accounts receivable decrease $ 148,000

Fitz Company reports the following information. Selected Annual Income Statement Data Selected Year-End Balance Sheet Data Net income $ 370,000 Accounts receivable decrease $ 148,000 Depreciation expense 45,400 Inventory decrease 48,000 Amortization expense 9,000 Prepaid expenses increase 5,000 Gain on sale of plant assets 7,600 Accounts payable decrease 8,900 Salaries payable increase 2,100 Use the indirect method to prepare the operating activities section of its statement of cash flows for the y

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