Adjustments to Net Income Indirect Method Ripley Corporation's accumulated depreciation equipment account increased by $15,325 while $3,800 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 again of $22.420 from the sale of investments Reconcile alnet income of $286,900 to net cash low from operating activities