The accounting records of Westlake Industries provided the data below.

Net income $200,000

Depreciation expense 15,000

Decrease in inventory 12,000

Increase in accounts receivable 1,400

Increase in interest payable 1,600

Amortization of bond discount 3,000

Increase in accounts payable 7,000

Cash dividends paid 20,000

Required:

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