Adjustments to Net IncomeIndirect Method

Lighthouse Corporation's accumulated depreciationequipment account increased by $10,000, while $6,500 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 $7,600 from the sale of investments.

Reconcile a net income of $113,200 to net cash flow from operating activities. $