Adjustments to Net IncomeIndirect Method

Congress Corporation's accumulated depreciationequipment account increased by $4,500, while $2,900 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 $3,400 from the sale of land.

Reconcile a net income of $51,200 to net cash flow from operating activities. $