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The income statement and the cash flows from the operating activites section of the statement of cash flows are provided below for Syntric Company. The merchandise hodrno lobliry Tyo Tsurance defeeerton account bolance neither increased nor decreased during the reporing period Syntric SYNTRIC COMPANY Income Statement For the Year Ended December 31, 2818 (s in e00s) Sales Cost of goods sold Gross margin Salaries expense Insurance expense Depreciation expense Depletion expense Bond interest expense Gains and losses: 276.7 (171.8) 105.7 $36.2 17.1 10.0 3.6 10.7 77.6) Gain on sale of equipment 20.0 (6.5) Loss on sale of land Income before tax Income tax expense Net income Cash Flows from Operating Activities: Cash received from customers Cash paid to suppliers Cash paid to employees Cash paid for interest Cash paid for insurance Cash paid for income taxes Net cash flows from operating activities 41.6 (20.8) 20.8 230.0 (160.e) (33.6) (9.6) (13.5) 10.8 $ 3.1 Required: Prepare a schedule to reconcile net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands rounded to 1 decimal place (G.e., 5,500 should be entered as 5.5) Required: Prepare a schedule to reconcile net income to net cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands rounded to 1 decimal place (i.e., 5,500 should be entered as 5.5).) Cash flows from operating activities Net income Adjustments for noncash effects Depreciation expense Depletion expense Loss on sale of land Gain on sale of equipment Changes in operating assets and iabilities 0.0 Net cash flows from operating activities to search

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