Adjustments to Net IncomeIndirect Method

Ripley Corporations accumulated depreciationequipment account increased by $11,575 while $2,500 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 $33,190 from the sale of investments.

Reconcile a net income of $224,500 to net cash flow from operating activities. $_______