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The income statement and the cash flows from operating activities section of the statement of cash flows are provided below for Syntric Company. The merchandise
The income statement and the cash flows from operating activities section of the statement of cash flows are provided below for Syntric Company. The merchandise inventory account balance neither increased nor decreased during the reporting period. Syntric had no liability for insurance, deferred income taxes, or interest at any time during the period. Required: Prepare a schedule to reconcile net income to net cash flows from operating activities. Note: Enter your answers in thousands rounded to 1 decimal place (i.e., 5,500 should be entered as 5.5). Cash outflows should be indicated with a minus sign. \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ RECONCILIATION OF NET INCOME TO } \\ \hline NET CASH FLOWS FROM OPERATING ACTIVITIES \\ \hline & \\ \hline Adjustments for noncash effects: & \\ \hline & \\ \hline & \\ \hline & \\ \hline Changes in operating assets and liabilities: & \\ \hline & \\ \hline \\ \hline \end{tabular}
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