The income statement and the cash flows from the operating activities section of the statement of cash flows are provided on the next page for Syntric Company. The merchandise inventory account balance neither increased nor decreased during the reporting period. Syntric had no liability for insurance, deferred income taxes, or interest at any time during the period.

Required:
Prepare a schedule to reconcile net income to net cash flows from operating activities.

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SYNTRIC COMPANY Income Statement For the Year Ended December 31, 2018 (S in thousands) (1 $41 2 10 Cash Flows from Operating Actlvitles: Cash received from customers Cash paid for insurance Cash paid for income taxes Net cash flows from operating activitles