The income statement and a schedule reconciling cash flows from operating activities to net income are provided below for Macrosoft Corporation. Income Statenent For the Year Ended December 31, 2018 nts Revenues and gains Sales $ 292.00 1.10 Gain on sale of cash equivalents Gain on sale of investments 23.10 $316.20 012104 Expenses and losst Cost of goods sold Salaries Interest expense Insurance Depreciation Patent amortization Loss on sale of land $111.00 39.10 11.10 19.10 9.10 3.10 5.10 Income before tax 118.60 Income tax expense Net incone $ 59.30 iliation of Net Income to Net Cash Plows f rom operating Activities (s in mi11ions) Net income $ 59-30 Adjustments for noncash effects: Depreciation expense Patent amortization expense Loss on sale of land Cain on sale of investment Decrease in accounts receivable Inerease in inventory Increase in accounts payable Decrease in bond discount Inerease in salaries payable Decrease in prepaid insuranee Iscrease in income tax payable 9 10 10 510 (23 10) SU10 (k210) 7-10 10 s 10 310 Net cash flows from operating activities 82.00