The accounting records of a company provided the data below:

Description Amount

Net income $$17,300$

Amortization expense $7,800$

Increase in accounts receivable $4,000$

Decrease in inventory $5,500$

Decrease in prepaid insurance $1,200$

Decrease in salaries payable $2,700$

Increase in interest payable $800$

When preparing a reconciliation of net income to net cash provided by operating activities, the following should be done $($DO NOT use commas $(,)$ NOR dollar signs $($$$).$

$1)$ The accountant should start with Answer $1,$ in the amount of Answer $2$

$2)$ All non cash expenses should be Answer $3,$ in the amount of Answer $4$

$3)$ The change in accounts receivable should be Answer $5,$ in the amount of Answer $6$

$4)$ The change in inventory should be Answer $7,$ in the amount of Answer $8$

$5)$ The change in prepaid insurance should be Answer $9$

Choose...

in the amount of Answer $10$

$6)$ The change in salaries payable should be Answer $11,$ in the amount of Answer $12$

$7)$ The change in interest payable should be Answer $13,$ in the amount of Answer $14$

$8)$ Therefore, cash flows from operating activities is equal to Answer $15$