Exercise 12-5 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 $382,000 Accounts receivable decrease Depreciation expense $46,500 47,000 Inventory decrease 44,000 Amortization expense 7,300 Prepaid expenses increase 6,400 Gain on sale of plant assets 6,700 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 onded 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 record net income to net can provided by operating activities