The accounting records of EZ Company provided the data below. Net income Depreciation expense Increase in inventory Decrease in salaries payable Decrease in accounts receivable Amortization of patent Amortization of premium on bonds Increase in accounts payable Cash dividends paid $62,350 12,850 4,425 3,205 5,900 955 6,135 9,850 18,500 Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.) Answer is not complete. RECONCILIATION OF NET INCOME TO NET CASH FLOWS FROM OPERATING ACTIVITIES Cash flows from operating activities: Net income $ 62,350 Adjustments for noncash effects: Depreciation expense 12,850 Amortization of patent 955 Changes in operating assets and liabilities: Increase in accounts payable Decrease in accounts receivable Increase in inventory Decrease in salaries payable >> 9,850 5,900 4,425 3,205 Net cash flows from operating activities $ 99,535