Refer to Columbus Corporation's balance sheets presented in Problem 14-5A. The additional information about the company's activities during 1990 is restated as follows:

a. Net income was \(\$ 72,000\).

b. Accounts receivable decreased.

c. Merchandise inventory decreased.

d. Prepaid expenses decreased.

e. Accounts payable increased.

f. Depreciation expense was \(\$ 18,900\).
g. Equipment that cost \(\$ 22,200\) and was depreciated \(\$ 13,200\) was sold for \(\$ 6,300\) cash, which caused a loss of \(\$ 2,700\).
\(h\). Equipment that cost \(\$ 122,100\) was purchased by paying cash of \(\$ 62,100\) and by signing a long-term note payable for the balance i. Borrowed \(\$ 9,000\) by signing a short-term note payable.
j. Paid \(\$ 36,000\) to reduce a long-term note payable.
\(k\). Issued 500 shares of common stock for cash at \(\$ 135\) per share.
l. Declared and paid cash dividends of \(\$ 27,000\).
\section*{Required}
Prepare a schedule that reconciles net income to the net cash provided or used by operating activities.