The income statement and the cash flows from the 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 or deferred income taxes at any time during the period.

SYNTRIC COMPANY Income Statement For the Year Ended December 31, 2021 ($ in thousands)
Sales				$	280.2
Cost of goods sold					(175.4	)
Gross margin					104.8
Salaries expense	$	38.6
Insurance expense		17.5
Depreciation expense		5.5
Depletion expense		4.2
Interest expense		11.1			(76.9	)
Gains and losses:
Gain on sale of equipment					22.0
Loss on sale of land					(6.7	)
Income before tax					43.2
Income tax expense					(21.6	)
Net income				$	21.6
Cash Flows from Operating Activities:
Cash received from customers				$	240.0
Cash paid to suppliers					(164.0	)
Cash paid to employees					(35.0	)
Cash paid for interest					(9.8	)
Cash paid for insurance					(13.7	)
Cash paid for income tax					(11.2	)
Net cash flows from operating activities				$	6.3

Required: Prepare a schedule to reconcile net income to net cash flows from operating activities. (Enter your answers in thousands rounded to 1 decimal place (i.e., 5,500 should be entered as 5.5). Amounts to be deducted should be indicated with a minus sign.)

Chepler 21 Homework i Swe Help Save & Eut Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return to question 8 The income statement and the cashions from the operating activities section of the statement of cash nous are provided below for Synbric Company. The merchand se inventory account balance nether increased nor decreased during the reporting period. Syntric had no lieblity for insurance or deferred income ses at any time during the period sc 20.2 1115.1 1:2. 1. BYSTRC CCHRANY Inscna Staswant Par the Year Ended Babarber 31, 2023 19 in tha:-) of a wold SRR FARGER SAPA A Iurano erenie 13.5 Boration CRC 5.5 Duplutius Intus tails Caan Mu: La luut Lund In Luce La Iucus bus vapau Hut ceux Cel Yiwu wu Uutiny Activiti Ceah wivu LAV Futuna Cuah puis so we Cuah paid to players Cuch paid for 1st runt Cuch 12 for ASROTANCA Bush water tax Het enah iw tra aperating ASIA 101 43.2 - 121.5 5 21.1 111.!) 35.5) Required: Prepare a schedule to reconcle not income to not cash flows from operating actrics. (Enter your answers in thousands rounded to 1 decimal place le, 5,500 should be entered as 5.5), Amounts to be deducted should be indicated with a minus sign) Answer is not complete. RECONCILIATION OF NET INCOME TO NET CASH FLOWS FROM OPERATING ACTIVIES Cubos ang Net VIS 21.6 Aila ROSAS Depreciation excesc 5.5 Dustele 4.2 Bzinc sale o que (22.01 Loss en inland w Changes in organ arw IT Hin valde Insein klar : Instax paye Netcash fows from operating clothes 5 3.0 Gran Hill Frey & o13 !!! Next >