Selected Annual Income Statement Data Selected Year-End Balance Sheet Data Net income $403, 000 49, 000 7,500 Prepaid expenses increase 6, 200 Accounts receivable decrease $54, 200 Depreciation...

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Extracted text: Selected Annual Income Statement Data Selected Year-End Balance Sheet Data Net income $403, 000 49, 000 7,500 Prepaid expenses increase 6, 200 Accounts receivable decrease $54, 200 Depreciation expense Amortization expense Gain on sale of plant assets Inventory decrease 44,500 Accounts payable decrease Salaries payable increase 4,800 9,900 2,400 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