Adjustments to Net Income Indirect Method Omni Corporation's accumulated depreciation-equipment account increased by $9,800, while $6,300 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 gain of $7,500 from the sale of land. Reconcile a net income of $111,400 to net cash flow from operating activities. $ 135,000 X Adjustments to Net Income Indirect Method Omni Corporation's accumulated depreciation-equipment account increased by $7,800, while $5,100 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 $6,000 from the sale of land. Reconcile a net income of $89,200 to net cash flow from operating activities