The accounting records of Eastlake Industries provided the data below. Net income $ 310,000 Depreciation expense 20,000 Increase in inventory 2,500 Increase in accounts receivable 1,500 Decrease in interest payable 1,700 Amortization of bond premium 4,000 Increase in accounts payable 8,000 Cash dividends paid 30,000 Required: Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.)