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Pearl Corporations accumulated depreciationfurniture account increased by $6,740, while $2,730 of patent amortization was recognized between balance sheet dates. There were no purchases or sales

Pearl Corporations accumulated depreciationfurniture account increased by $6,740, while $2,730 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 $5,040 from the sale of land.

Reconcile a net income of $126,100 to net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.

Amount Descriptions

Amortization of patents
Decrease in accounts receivable
Depreciation
Gain from sale of land
Increase in accounts receivable
Loss from sale of land
Net cash flow from operating activities

Reconcile a net income of $126,100 to net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.

1

Net income

2

Adjustments to reconcile net income to net cash flow from operating activities:

3

4

5

6

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