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Sinclair Companys accumulated depreciation-equipment increased by $6,000, while patents decreased by $2,200 between balance sheet dates. There were no purchased or sales of depreciable or
Sinclair Companys accumulated depreciation-equipment increased by $6,000, while patents decreased by $2,200 between balance sheet dates. There were no purchased or sales of depreciable or intangible assets during the year. In addition, the income statement showed a loss of $3,200 from the sale of investments.
Required: Reconcile a net income of $92,000 to net cash flow from operating activities.
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