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Adjustments to Net Income-Indirect Method Kingston Corporation's accumulated depreciation-equipment account increased by $4,200 while $2,700 of patent amortization was recognized between balance sheet dates. There were no purchases or tales of depreciable or intangible assets during the year. In addition, the income statement showed a loss of $3,200 from the sale of Investments Reconcile a net Income of $47,800 to net cash flow from operating activities