Sinclair Company's 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.

Question

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The Answer of Sinclair Company's 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.

Sinclair Company's Accumulated Depreciation-Equipment Increased by $6,000, While Patents Decreased