Ripley Corporations accumulated depreciationequipment account increased by $11,575 while $2,500 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 $33,190 from the sale of investments.

Reconcile a net income of $224,500 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. For those boxes in which you must enter subtractive or negative numbers use a minus sign.

X

Amount Descriptions

Amount Descriptions
Amortization of patents
Decrease in accounts receivable
Depreciation
Gain from sale of investments
Increase in accounts receivable
Loss from sale of investments
Net cash flow from operating activities
Net income

X

Reconciliation of Net Income

Reconcile a net income of $224,500 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. For those boxes in which you must enter subtractive or negative numbers use a minus sign.

1	Net income
2	Adjustments to reconcile net income to net cash flow from operating activities:
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4
5
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Amount Descriptions Amount Descriptions Amortization of patents Decrease in accounts receivable Depreciation Gain from sale of investments Increase in accounts receivable Loss from sale of investments Net cash flow from operating activities Net income