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Adjustments to Net Income--indirect Method Kingston Corporation's accumulated depreciation equipment account increased by $9,400 while $6,100 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 $7,100 from the sale of Investments Reconcile a net income of $106,500 to net cash flow from operating activities