Fitz Company reports the following information. Use the indirect method to prepare only the operating activities section of its statement of cash flows for the year ended December 31, 2017. Amounts to be deducted should be indicated with a minus sign.) Selected 2017 Income Statement Data Net income Depreciation expense Amortization expense Gain on sale of plant assets Selected Year-End 2017 Balance Sheet Data $120,500 49,500 5, 400 10,900 2,300 $400,000 Accounts receivable decrease 47,600 Inventory decrease 7,500 Prepaid expenses increase 7,000 Accounts payable decrease Salaries payable increase Cash flows from operating activities Net income 400,000 Adjustments to reconcile net income to net cash provided by operating activities 47,600 7,500 Depreciation expense Amortization expense Amortization expense 455,100