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Fitz Company reports the following information. Selected Annual Income Statement Data Selected Year-End Balance Sheet Data Net income $ 421,000 Accounts receivable decrease $ 149,000

Fitz Company reports the following information. Selected Annual Income Statement Data Selected Year-End Balance Sheet Data Net income $ 421,000 Accounts receivable decrease $ 149,000 Depreciation expense 46,600 Inventory decrease 51,000 Amortization expense 8,200 Prepaid expenses increase 5,800 Gain on sale of plant assets 6,200 Accounts payable decrease 11,000 Salaries payable increase 1,400 Use the indirect method to prepare the operating activities section of its statement of cash flows for the

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