eBook Show Me How Calculator Adjustments to Net Income-Indirect Method Kingston Corporation's accumulated depreciation equipment account increased by $10,500, while $6,800 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 loss of $8,000 from the sale of Investments Reconcile a net income of $119,200 to net cash flow from operating activities