Adjustments to Net Income-Indirect Method Kingston Corporation's accumulated depreciation-equipment account increased by $3,900 while $2,500 of patent amortization was recognized between balance sheet dates. There were of assets during the year. In addition, the income statement showed a gain of $3,000 from the sale of investments Reconcile a net income of $44,800 to net cash flow from coerating activities. 57,300 x Myk Consider how each of the above mentioned items would have affected the income statement. What joumal entry would have been made to record these transactions? Do them have an acts any of transactions appear in a different portion of the statement of cash flows?