Answers
Solution:
Reconciliation of net income to net cash flows from operating activities | ||
Net Income | $1,13,260 | |
Adjustments to reconcile net income to cash flow from operating activities: | ||
Depreciation expense | $7,360 | |
Amortization of patent | $3,190 | |
Gain on sale of investment | -$4,920 | |
Total Adjustments | $5,630 | |
Net Cash Flow From Operating Activities | $1,18,890 |
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