Exercise $16-5($Algo$)$ Indirect: Cash flows from operating activities LO P$2$SFitz Company reports the following information.Selected Annual Income Statement DataNet incomeDepreciation expenseAmortization expenseGain on sale of plant assetsSelected Year$-$End Balance Sheet Data$ $376,000$Accounts receivable decrease$44,200$ Inventory decrease$7,300$ Prepaid expenses increase$6,100$ Accounts payable decreaseSalaries payable increase$ $122,40042,5005,8008,8002,400$Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended