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Adjustments to Net Income-Indirect Method Lighthouse Corporation's accumulated depreciation-equipment account increased by $6,800, while $4,400...

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Adjustments to Net Income-Indirect Method Lighthouse Corporation's accumulated depreciation-equipment account increased by $6,800, while $4,400 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 $5,100 from the sale of investments. Reconcile a net income of $76,800 to net cash flows from operating activities. $

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