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Adjustments to Net Income-Indirect Method Kingston Corporation's accumulated depreciation-equipment account increased by $9,100,...

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Accounting

Adjustments to Net Income-Indirect Method
Kingston Corporation's accumulated depreciation-equipment account increased by $9,100, while $5,900 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 $6,900 from the sale of investments.
Reconcile a net income of $103,500 to net cash flows from operating activities. $
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