CHAPTER 21 (7.)

The accounting records of EZ Company provided the data below.

Net income	$	55,700
Depreciation expense		9,700
Increase in inventory		2,850
Decrease in salaries payable		1,910
Decrease in accounts receivable		3,800
Amortization of patent		710
Amortization of premium on bonds		3,370
Increase in accounts payable		6,700
Cash dividends		15,000

Prepare a reconciliation of net income to net cash flows from operating activities.