Exercise 12-5 Indirect: Cash flows from operating activities LO P2 Fitz Company reports the following information. Selected Annual Income Statement Data Net income Selected Year-End Balance Sheet Data Accounts receivable decrease $418,000 Depreciation expense 47,200 Inventory decrease Amortization expense 7,900 Prepaid expenses increase Gain on sale of plant assets 7,200 Accounts payable decrease Salaries payable increase $26,400 45,000 6,700 10,300 2,300 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.) Statement of Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities $ 0