Adjustments to Net IncomeIndirect Method

Kingston Corporation's accumulated depreciationequipment account increased by $3,800, while $2,500 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 loss of $2,900 from the sale of land.

Reconcile a net income of $43,000 to net cash flow from operating activities.