12. Homework Savud Help Save & Exit Submit Check my work 4. Exercise 12-5 (Algo) Indirect: Cash flows from operating activities LO P2 Fitz Company reports the following information Selected Annual Income Statement Data Selected Year-End Balance Sheet Data Net income $ 388,000 Accounts receivable decrease Depreciation expense 49,890 Inventory decrease Amortization expense 7,300 Prepaid expenses increase Gain on sale of plant assets 6,000 Accounts payable decrease Salaries payable increase Book $ 97, 108 48,500 5,500 10,200 1,700 Print rences 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.) C 7 Salaries payable increase Use the indirect method to prepare the operating activities section of its statement of cash flows for the year December 31. (Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities ook Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash int nt ences Changes in current operating assets and liabilities