Adjustments to Net Income-Indirect Method Kingston Corporation's accumulated depreciation-equipment account increased by $8,800, while $5,700 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 $6,700 from the sale of land. Reconcile a net income of $99,900 to net cash flow from operating activities. Changes in Current Operating Assets and Liabilities-Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $23,100 $19,400 Inventory 50,800 59,100 Accounts payable 28,400 23,700 Dividends payable 27,000 25,000 Adjust net income of $114,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities