Chapter 16 Statement of Cash Flows >> ow EE 16-2 OBJ. 2 SPE 16-2A Adjustments to net income-indirect method Ripley Corporation's accumulated depreciation-furniture 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 add tion, the income statement showed a loss of $3,400 from the sale of land. Reconcile net income of $224,500 to net cash flow from operating activities