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Net income Fitz Company reports the following information. Selected Annual Income Statement Data Selected Year-End Balance Sheet Data $ 382,000 Accounts receivable decrease $ 23,600
Net income Fitz Company reports the following information. Selected Annual Income Statement Data Selected Year-End Balance Sheet Data $ 382,000 Accounts receivable decrease $ 23,600 Depreciation expense 47,600 Inventory decrease 48,000 Amortization expense 7,500 Prepaid expenses increase 5,300 Gain on sale of plant assets 7.400 Accounts payable decrease 9,700 Salaries payable increase 2,200 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 (partian) Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities
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