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econcile a net income of $73,100 to net cash flows from operating activities Adjustments to net incomeindirect method Omni Corporation's accumulated depreciationequipment account increased by

image text in transcribed econcile a net income of $73,100 to net cash flows from operating activities

Adjustments to net incomeindirect method Omni Corporation's accumulated depreciationequipment account increased by $6,400 while $4,200 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 $4,900 from the sale of investments. Reconcile a net income of $73,100 to net cash flows from operating activities.

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