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Prepare operating activity section of statement of cash flow

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Reference no: EM132952519

Fitz Company reports the following information.

Selected Annual Income Statement

Data Selected Year-End Balance Sheet Data

Net income $374,000

Accounts receivable decrease$17,100

Depreciation expense 44,000

Inventory decrease 42,000

Amortization expense 7,200

Prepaid expenses increase 4,700

Gain on sale of plant assets 6,000

Accounts payable decrease 8,200

Salaries payable increase 1,200

Problem 1: Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31.

Reference no: EM132952519

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