Adjustments to Net IncomeIndirect Method Kingston Corporation's accumulated depreciationequipment account increased by $4,300, while $2,800 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 a gain of $3,300 from the sale of investments. Reconcile a net income of $48,700 to net cash flows from operating activities.