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The accounting records of Hampton Company provided the data below ($ in 000s). Net income Depreciation expense Increase in accounts receivable Decrease in inventory Decrease
The accounting records of Hampton Company provided the data below ($ in 000s). Net income Depreciation expense Increase in accounts receivable Decrease in inventory Decrease in prepaid insurance Decrease in salaries payable Increase in interest payable $18,300 7,900 4,100 5,600 1,250 2,800 650 Required: Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) Cash flows from operating activities: Net income Net loss Decrease in inventory Decrease in prepaid insurance Decrease in salaries payable Increase in interest payable 5,600 1,250 2,800 650 Required: Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be de a minus sign. Enter your answers in thousands.) Cash flows from operating activities: Decrease in inventory Decrease in prepaid insurance Decrease in salaries payable Depreciation expense
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