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E 21-17 Indirect method; reconciliation of net income to net cash from operating activities The accounting records of EZ Company provided the data below.
E 21-17 Indirect method; reconciliation of net income to net cash from operating activities The accounting records of EZ Company provided the data below. Net income Depreciation expense Increase in inventory $50,000 7,000 1,500 Decrease in salaries payable 800 Decrease in accounts receivable 2,000 Amortization of patent 500 Amortization of premium on bonds 1,000 4,000 12,000 Increase in accounts payable Cash dividends Prepare a reconciliation of net income to net cash flows from operating activities.
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