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Fitz Company reports the following information. Use the indlirect methodto prepare only the operating activities section of its statement of cash flows for the year
Fitz Company reports the following information. Use the indlirect methodto 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 Year-End 2017 Balance Sheet Selected 2017 Income Statement Data Data Net income Depreciation expense Amortization expense Gain on sale of plant assets $397,00 Accounts receivable decrease $47,900 Se,e00 5,000 8,700 1,800 49,600 Inventory decrease 8,800 Prepaid expenses increase 6,600 Accounts payable decrease Salaries payable increase Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities
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