The accounting records of EZ Company provided the data below.

Net income $ 55,700

Depreciation expense 9,700

Increase in inventory 2,850

Decrease in salaries payable 1,910

Decrease in accounts receivable 3,800

Amortization of patent 710

Amortization of premium on bonds 3,370

Increase in accounts payable 6,700

Cash dividends 15,000

Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.)

Cash flows from operating activities:

Adjustments for noncash effects:

Changes in operating assets and liabilities:

Net cash flows from operating activities