Fitzpatrick Company reported net income of $374,000 in 2013. Their income statement also shows depreciation expense of $44,000, amortization expense of $7,200, and a gain on sale of plant assets of $6,000. An examination of the company's current assets and liabilities revealed decreases in accounts receivable of $17,100 and merchandise inventory of $42,000, as well as increases in prepaid expenses of $4,700 and other payables of $1,200, while accounts payable decreased by $8,200.