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Sinclair Companys accumulated depreciation-equipment increased by $7,500, while patents decreased by $3,200 between balance sheet...

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Accounting

Sinclair Companys accumulated depreciation-equipment increased by $7,500, while patents decreased by $3,200 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 $4,600 from the sale of investments. Required: Reconcile a net income of $97,500 to net cash flow from operating activities.

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