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Fitz Company reports the following information Selected Annual Income Statement Data Net income 5418,000 Depreciation expense 48,600 Amortization expense 8,900 Gain on sale of plant

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Fitz Company reports the following information Selected Annual Income Statement Data Net income 5418,000 Depreciation expense 48,600 Amortization expense 8,900 Gain on sale of plant assets 7.100 Selected Year-End Balance Sheet Data Accounts receivable decrease $41,800 Inventory decrease 47,500 Prepaid expenses increase 5,800 Accounts payable decrease 10.500 Salarios payable increase 1,800 Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities

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