Adjustments to Net IncomeIndirect Method

Kingston Corporation's accumulated depreciationfurniture account increased by $5,300, while $3,500 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 gain of $4,100 from the sale of land.

Reconcile a net income of $60,600 to net cash flow from operating activities.