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The accounting records of EZ Company provided the data below. Net income $ 56,650 Depreciation expense 10,150 Increase in inventory 3,075 Decrease in salaries payable
The accounting records of EZ Company provided the data below.
Net income | $ | 56,650 | |
Depreciation expense | 10,150 | ||
Increase in inventory | 3,075 | ||
Decrease in salaries payable | 2,095 | ||
Decrease in accounts receivable | 4,100 | ||
Amortization of patent | 745 | ||
Amortization of premium on bonds | 3,765 | ||
Increase in accounts payable | 7,150 | ||
Cash dividends | 15,500 | ||
Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.)
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