Lanier Corporation€™s comparative balance sheet for current assets and liabilities was as follows:

Adjust net income of $290,000 for changes in operating assets and liabilities to arrive at cash flows from operatingactivities.

Dec. 31, 2008 Dec. 31, 2007 Accounts receivable Inventory Accounts payable Dividends payable $32,500 69,000 51,500 15,000 $25,000 48,000 32,000 16,400