Check my work The income statement and the cash flows from the operating activities section of the statement of cash flows are provided below for Syntric Company. The merchandise inventory account balance neither increased nor decreased during the reporting period. Syntric had no liability for insurance, deferred income taxes, or interest at any time during the period. Ints Skipped $ 300.4 (188.4) 112.0 eBook 18.5 NU Prin 12.1 (74.1) SYNTRIC COMPANY Income Statement For the Year Ended December 31, 2021 (sin thousands) Sales Cost of goods sold Gross margin Salaries expense $27.8 Insurance expense Depreciation expense Depletion expense Interest expense Gains and losses: Gain on sale of equipment Loss on sale of land Income before tax Income tax expense Net income Cash Flows from Operating Activities: Cash received from customers Cash paid to suppliers Cash paid to employees Cash paid for interest Cash paid for insurance Cash paid for income tax Net cash flows from operating activities 16.5 (7.2) 47.2 (23.6) 23.6 $ $ 238.0 (176.0) (23.0) (10.3) (14.2) (12.2) 2.3 Prem 7 of 11 Next > Save & Exit Sut Check my wor1 Prepare a schedule to reconcile net income to net cash flows from operating activities. (Enter your answers in thousands rounded to 1 decimal place (i.e., 5,500 should be entered as 5.5). Amounts to deducted should be indicated with a minus sign.) points RECONCILIATION OF NET INCOME TO NET CASH FLOWS FROM OPERATING ACTIVITIES Cash flows from operating activities: Skipped Adjustments for noncash effects: Bool Changes in operating assets and abilities: 0.0 Net cash flows from operating activities Next > Prey 7 of 11