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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

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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 Selected Year-End 2017 Balance Sheet Data Net income $370,000 Accounts receivable decrease $ 166,600 Depreciation expense 48,200 Inventory decrease 44,500 Amortization expense 8,600 Prepaid expenses increase 5,800 Gain on sale of plant assets 6,000 Accounts payable decrease 10,900 Salaries payable increase 1,400 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities

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