Fitz Company reports the following information.

Selected Annual Income Statement Data Selected Year-End Balance Sheet Data Net income$ 382,000Accounts receivable decrease$ 43,500Depreciation expense44,200Inventory decrease49,000Amortization expense8,700Prepaid expenses increase5,500Gain on sale of plant assets6,500Accounts payable decrease9,200 Salaries payable increase2,000

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.