Unit 8 AS: Exercises and Problems (Connect) 7 The accounting records of EZ Company provided the data below. 7 points Net income Depreciation expense. Increase in inventory Decrease in salaries payable Decrease in accounts receivable Amortization of patent $61,400 12,400 4,200 3,020 5,600 920 Amortization of premium on bonds 5,740 eBook Increase in accounts payable 9,400 Cash dividends paid 18,000 Print Jo References Seved Prepare a reconciliation of net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.) RECONCILIATION OF NET INCOME TO NET CASH FLOWS FROM OPERATING ACTIVITIES Cash flows from operating activities Adjustments for noncash effects Changes in operating assets and liabilities: Net cash flows from operating activities $