The Accounting Records of Unlucky Company Provided the Data Below

The accounting records of Unlucky Company provided the data below
Required:
Prepare a reconciliation of net income to net cash flows from operating activities.
$$\begin{array} { l r } \text { Net loss } & \$ 40,000 \\\text { Depreciation expense } & 12,000 \\\text { Increase in salaries payable } & 11,000 \\\text { Increase in accounts receivable } & 4,000 \\\text { Decrease in inventory } & 4,800 \\\text { Amortization of patent } & 700 \\\text { Decrease in premium on bonds } & 500\end{array}$$