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Make operating activities section of statement of cash flows

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Reference no: EM132499649

Fitz Company reports the following information.

Selected Annual Income Statement Data Selected Year-End Balance Sheet DataNet income$382,000

Accounts receivable decrease$104,000

Depreciation expense 45,200

Inventory decrease 44,500

Amortization expense 8,400

Prepaid expenses increase 6,700

Gain on sale of plant assets 7,400

Accounts payable decrease 9,800

Salaries payable increase 1,800

Question 1: 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.)

Reference no: EM132499649

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