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Adjustments to Net IncomeIndirect Method Omni Corporation's accumulated depreciationequipment account increased by $7,400, while $4,800 of patent amortization was recognized between balance sheet dates. There

Adjustments to Net IncomeIndirect Method

Omni Corporation's accumulated depreciationequipment account increased by $7,400, while $4,800 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 $5,700 from the sale of land.

Reconcile a net income of $84,600 to net cash flow from operating activities. $

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