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Lighthouse Corporation's accumulated depreciationequipment account increased by $11,200 while $3,900 of patent amortization was recognized between balance sheet dates. There were no purchases or sales

Lighthouse Corporation's accumulated depreciationequipment account increased by $11,200 while $3,900 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 $20,790 from the sale of investments. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below.image text in transcribed

Reconcile a net income of $318,000 to net cash flow from operating activities. Round your answer to the nearest dollar.

Adjustments to net income - indirect method DATA Depreciation Amortization of patents Gain from sale of investments Net income $11,200 $3,900 $20,790 $318,000 Using formulas and cell references, perform the required analysis, and input your answer into the Amount column. Transfer the numeric result for the green entry cell (B12) into the appropriate field in CNOWV2 for grading. Amount Formula Net cash flow from operating activities

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