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.