Fitz Company reports the following information.

$\backslash$table$[[$Selected Annual Income Statement Data,Selected Year$-$End Balance Sheet Data,,$],[$Net income,$$370,000,$Accounts receivable decrease,$66,400],[$Depreciation expense,$48,000,$Inventory decrease,$46,500],[$Amortization expense,$7,500$ Prepaid expenses increase,$5,000,],[$Gain on sale of plant assets,$7,700$ Accounts payable decrease,$9,400,],[,,$Salaries payable increase,$2,100]]$

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.