Fitz Company reports the following information.

Selected Annual Income Statement Data Selected Year$-$End Balance Sheet Data

Net income $ $403,000$ Accounts receivable decrease $ $95,800$

Depreciation expense $47,400$ Inventory decrease $49,500$

Amortization expense $8,800$ Prepaid expenses increase $6,500$

Gain on sale of plant assets $7,100$ Accounts payable decrease $8,900$

Salaries payable increase $1,200$

Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December $31.$

Note: Amounts to be deducted should be indicated with a minus sign.