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Pearl Corporations accumulated depreciationfurniture account increased by $8,400, while $3,080 of patent amortization was recognized...

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Accounting

Pearl Corporations accumulated depreciationfurniture account increased by $8,400, while $3,080 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 $4,480 from the sale of land. Reconcile a net income of $120,400 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.

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