Exercise 12-5 Indirect: Cash flows from operating activities LO P2 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. (Amounts to be deducted should be indicated with a minus sign.) Selected 2017 Income Statement Data Selected Year-End 2017 Balance Sheet Data $397,000 Accounts receivable decrease $159,400 43,000 5,600 9,400 2,100 Net income Depreciation expense Amortization expense Gain on sale of plant assets 47,200 Inventory decrease 7,400 Prepaid expenses increase 7,400 Accounts payable decrease Salaries payable increase Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities