The Accounting Records of Harrison Company Provided the Data Below

Essay

The accounting records of Harrison Company provided the data below. $$\begin{array} { | l | l| } \hline \text { Net loss } & \$ 10,000 \\\hline \text { Depreciation expense } & 12,000 \\\hline \text { Increase in salaries payable } & 1,000 \\\hline \text { Decrease in accounts receivable } & 4,000 \\\hline \text { Increase in inventory } & 4,800 \\\hline \text { Amortization of patent } & 700 \\\hline \text { Decrease in discount on bonds } & 500 \\\hline\end{array}$$ Required:
Prepare a reconciliation of net income to net cash flows from operating activities.