Kingston Corporation's accumulated depreciation-equipment account increased by $8,200, while $5,300 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 $6,200 from the sale of investments. Reconcile a net income of $93,000 to net cash flows from operating activities. Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $12,400 $14,900 Inventory 91,100 79,900 Accounts payable 21,500 17,900 Dividends payable 29,000 27,000 Adjust net income of $120,800 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. X