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Fitz Company reports the following information. Selected Annual Income Statement Data Selected Year-End Balance Sheet Data Net income $ 406,000 Accounts receivable decrease $ 28,700
Fitz Company reports the following information. Selected Annual Income Statement Data Selected Year-End Balance Sheet Data Net income $ 406,000 Accounts receivable decrease $ 28,700 Depreciation expense 45,400 Inventory decrease 50,500 Amortization expense 7,300 Prepaid expenses increase 6,000 Gain on sale of plant assets 7,100 Accounts payable decrease 11,000 Salaries payable increase 1,500 Use the indirect method to prepare the operating activities section of its statement of cash flows for t
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