The accounting records of Jefferson Industries provided the data below.
| Net Income |
|
|
78,000 |
| Depreciation |
|
|
21,000 |
| Decrease in Inventory |
|
13,000 |
| Increase in Accounts Receivable |
|
14,870 |
| Increase in Interest Payable |
|
21,500 |
| Amortization of Bond Premium |
|
4,000 |
| Decrease in Accounts Payable |
|
6,000 |
| Cash Dividends Paid |
|
|
30,000 |
Prepare a reconciliation from Net income to cash Provided/(Used) by operating activities.