Adjustments to net income-indirect method Ripley Corporation's accumulated depreciation- equipment account increased by $11,375 while $4,500...

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Adjustments to net income-indirect method Ripley Corporation's accumulated depreciation- equipment account increased by $11,375 while $4,500 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 $23,710 from the sale of investments. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. X Open spreadsheet Reconcile a net income of $272,100 to net cash flows from operating activities. Adjustments to net income-indirect method Ripley Corporation's accumulated depreciation- equipment account increased by $11,375 while $4,500 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 $23,710 from the sale of investments. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. X Open spreadsheet Reconcile a net income of $272,100 to net cash flows from operating activities.