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Adjustments to Net IncomeIndirect Method Ripley Corporations accumulated depreciationequipment account increased by $15,325 while $3,800 of patent amortization was recognized between balance sheet dates. There

Adjustments to Net IncomeIndirect Method

Ripley Corporations accumulated depreciationequipment account increased by $15,325 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 gain of $22,420 from the sale of investments.

Reconcile a net income of $286,900 to net cash flow from operating activities. $fill in the blank 1

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