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The accounting records of Baddour Company provided the data below. Net loss $ 4,500 Depreciation expense 6,250 Increase in salaries payable 550 Decrease in accounts
The accounting records of Baddour Company provided the data below.
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|
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Net loss | $ | 4,500 |
|
Depreciation expense |
| 6,250 |
|
Increase in salaries payable |
| 550 |
|
Decrease in accounts receivable |
| 1,800 |
|
Increase in inventory |
| 2,120 |
|
Amortization of patent |
| 330 |
|
Reduction in discount on bonds |
| 230 |
|
Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.)
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