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. Selected 2017 Income Statement Selected Year-End 2017 Balance Sheet
Data Data
Net income $374,000 Accounts receivable decrease $17,100
Depreciation expense 44,000 Inventory decrease 42,000
Amortization expense 7,200 Prepaid expenses increase 4,700
Gain on sale of plant assets 6,000 Accounts payable decrease 8,200
Salaries payable increase 1,200