The accounting records of JasonJohnson Company provided the data below for years ending 30 June 2022 and 30 June 2021:

	2022	2021
	$	$
Sales (all on credit) for the year	950,000
Cost of goods sold for the year	380,000
Discount provided to customers for early payment	3,500
Bad debts expense for the year	2,500
Depreciation expense	55,000
Net profit	509,000
	30 June 2022	30 June 2021
	$	$
Accounts receivable	160,000	140,000
Less: Allowance for doubtful debts	4,500	4,200
	155,500	135,800
Inventory	88,360	62,200
Accounts payable	55,500	47,700

Required:

Prepare a reconciliation of net profit to net cash flows from operating activities.