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 $52,850 8,350 2,175 1,355 2,900 605 2,185 5,350 13,500 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 S 52,850 Adjustments for noncash effects: Depreciation expense 8,350 Amortization of patent 605 Decrease in bond premium (13,500) Changes in operating assets and liabilities: Increase in inventory (2,175) Decrease in salaries payable (1,355) Decrease in accounts receivable 2,900 Increase in accounts payable 5,350 Net cash flows from operating activities $ 53,025