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Fitz Company reports the following information Selected Annual Income Statement Data Selected Year-End Balance Sheet Data Net income $421,000 Accounts receivable decrease $167,000 Depreciation expense

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Fitz Company reports the following information Selected Annual Income Statement Data Selected Year-End Balance Sheet Data Net income $421,000 Accounts receivable decrease $167,000 Depreciation expense 46,600 Inventory decrease 45,500 Amortization expense 8,800 Prepaid expenses increase 5,400 Gain on sale of plant assets 6,000 Accounts payable decrease 10,400 Salaries payable increase 1,300 Use the indirect method to prepare the operating activities section of its statement of cash flows for the (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities

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