Adjustments to Net Income-Indirect Method Omni Corporation's accumulated depreciation-equipment account increased by $8,500, while $5,500 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 $6,500 from the sale of investments. Reconcile a net income of $97,100 to net cash flows from operating activities. $ Changes in Current Operating Assets and Liabilities Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Adjust net income of $87,000 for changes in operating assets and liabilities to arrive at net cash flows from operating activities