Adjustments to Net Income$-$Indirect Method

Congress Corporation's accumulated depreciation$-$equipment account increased by $$4,300$ while $$2,800$ of patent amortization was recognized between balance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income statement showed a loss of $$3,300$ from the sale of investments.

Reconcile a net income of $$49,100$ to net cash flow from operating activities.