Fitz Company reports the following information.

 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

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