Check My Work 2 more Check My Work uses remaining. a. Net income, $524,580. b. Depreciation expense reported on the income statementi buildings, $51,660; machinery and equipment, $22,680. c. Patent amortization reported on the income statement, $5,040. d. A building was constructed for $579,600. e. A mortgage note for $224,000 was issued for cash. f. 30,000 shares of common stock were issued at $13 in exchange for the bonds payable. 9. Cash dividends declared, $131,040. Required: Cash flows fro:n operating activitiest Net incente Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Changes in current operating assets and Net cash flow from operating activities Cash flows from investing activities: Net'cash flow used for investing pctivities 120 Cash flows from financing activitiess Net cash flow from financing activities Cash at beginning of the year Cash at end of the year. Schedule of Non cash Financing and investing Activitiest