Prepare reconciliation of net income to net cash flows

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Question - The accounting records of EZ Company provided the data below.

Net income $58,550

Depreciation expense 11,050

Increase in inventory 3,525

Decrease in salaries payable 2,465

Decrease in accounts receivable 4,700

Amortization of patent 815

Amortization of premium on bonds 4,555

Increase in accounts payable 8,050

Cash dividends 16,500

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

Reference no: EM132526925

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