Chapter 13 - Basic Exercises eBook Show Me How Calculator 1. BE. 13-01 Adjustments to Net Income-Indirect Method 2. BE. 13-02.ALGO Congress Corporation's accumulated depreciation-equipment account increased by $8,400, while $5,400 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 $6,400 from the sale of investments. 3. BE. 13-03.ALGO 4. BE. 13-04 ALGO Reconcile a net income of $95,000 to net cash flow from operating activities. Chapter 13 - Basic Exercises eBook Show Me How Calculator 1. BE. 13-01 2. BE.13-02.ALGO Changes in Current Operating Assets and LiabilitiesIndirect Method Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year Dec. 31, Year 1 3. BE. 13-03.ALGO 4. BE. 13-04.ALGO Accounts $19,300 $18,300 receivable Inventory 73,200 73,900 Accounts payable 9,200 9,000 Dividends payable 24,000 Adjust net income of $109,800 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $ 26,000