Adjustments to Net IncomeIndirect Method

Lighthouse Corporation's accumulated depreciationequipment account increased by $5,900, while $3,800 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 loss of $4,500 from the sale of investments.

Reconcile a net income of $66,600 to net cash flows from operating activities.