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Prepare a reconciliation of net income to net cash flows

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Reference no: EM131822555

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

Reference no: EM131822555

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