Chapter 21 A Sove Saved 8 The accounting records of Baddour Company provided the data below. 1 points Net loss Depreciation expense Increase in salaries payable Decrease in accounts receivable Increase in inventory Amortization of patent Reduction in discount on bonds $4,725 6,280 435 1,650 2,480 420 320 X 04:13:55 eBook Prepare a reconciliation of net Income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus slgn.) Hint Print (4.725) 6,280 RECONCILIATION OF NET INCOME TO NET CASH FLOWS FROM OPERATING ACTIVITIES Cash flows from operating activities Net loss $ Adjustments for noncash effects: Depreciation expense Amortization of patent Decrease in discount on bonds Changes in operating assets and liabilities: Decrease in accounts receivable Increase in inventory Increase in salaries payable 420 320 1.650 (2.400) 435 Net cash flows from operating activities $ 1,980