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The accounting records of Tylan Wallace Company provided the data below ($ in 000s). Net income Depreciation expense Decrease in accounts receivable Increase in inventory

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The accounting records of Tylan Wallace Company provided the data below ($ in 000s). Net income Depreciation expense Decrease in accounts receivable Increase in inventory Increase in prepaid insurance Increase in salaries payable Decrease in interest payable $ 24,400 2,500 1,200 3,700 220 720 320 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 Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities

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