Adjustments to Net Income-Indirect Method Kingston Corporation's accumulated depreciation- equipment account increased by $6,900, while $4,400 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 $5,200 from the sale of investments. Reconcile a net income of $77,900 to net cash flows from operating activities. HA