The accounting records of Harrison Company provided the data below.
Net loss |
$12,000 |
Depreciation expense |
14,000 |
Increase in salaries payable |
3,000 |
Decrease in accounts receivable |
6,000 |
Increase in inventory |
6,800 |
Amortization of patent |
900 |
Decrease in discount on bonds |
700 |
Required:
Prepare a reconciliation of net income to net cash flows from operating activities