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The accounting records of Ez Company provided the data below. Net income Depreciation expense Increase in inventory Decrease in salaries payable Decrease in accounts receivableS

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The accounting records of Ez Company provided the data below. Net income Depreciation expense Increase in inventory Decrease in salaries payable Decrease in accounts receivableS Amortization of patent Amortization of premium on bonds Increase in accounts payable Cash dividends 58,550 11.95 = 3,525 2,465 4 ,700 815 4,555 16,500 Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.) $ 58,550 Cash flows from operating activities: Net income Adjustments for noncash effects: Depreciation expense Amortization of patent Amortization of premium on bonds Changes in operating assets and liabilities: Increase in inventory Decrease in salaries payable Decrease in accounts receivable Increase in accounts payable 11,050 815 (4,555) Bolo (3,525) (2,465) 4,700 8,050 Cash dividends 16,500 Net cash flows from operating activities *Rod tevt inde nn rate was evnerted in a rell nr a form 89, 120 interioritat

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