had no liability for insurance or deferred income taxes at any time during the period. $ 264.4 (164.4) 100.0 (71.6) SYNTRIC COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales Cost of goods sold Gross margin Salaries expense $32.8 Insurance expense 16.5 Depreciation expense 7.0 Depletion expense 6.1 Interest expense 9.2 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 17.0 (6.2) 39.2 (19.6) 19.6 $ $ 227.0 (154.0) (30.2) (8.5) (13.2) (10.2) $ 10.9 Required: 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 be deducted should be indicated with a minus sign.)