The accounting records of Dempsey Company provided the data below.

Net income $$308,000$

Depreciation expense $$19,000$

Increase in inventory $2,400$

Increase in accounts receivable $$1,480$

Decrease in interest payable $$1,680$

Decrease in premium on bonds payable $3,800$

Increase in accounts payable $$7,800$

Cash dividends paid $$28,000$

Required:

Prepare a reconciliation of net income to net cash flows from operating activities.