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The accounting records of Hampton Company provided the data below ($ in thousands). Net income $ 17,300 Depreciation expense 7,800 Increase in accounts receivable 4,000
The accounting records of Hampton Company provided the data below ($ in thousands). Net income $ 17,300 Depreciation expense 7,800 Increase in accounts receivable 4,000 Decrease in inventory 5,500 Decrease in prepaid insurance 1,200 Decrease in salaries payable 2,700 Increase in interest payable 800 Required: Prepare a reconciliation of net income to net cash flows from operating activities. Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands
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