Changes in current operating assets and liabilities—indirect method OBJ. 2 Huluduey Corporation’s comparative balance sheet for current assets and liabilities was as follows:

Dec. 31, 2016 Dec. 31, 2015 Accounts receivable $18,000 $14,400 Inventory 34,800 29,700 Accounts payable 27,600 20,700 Dividends payable 8,400 10,800 Adjust net income of $160,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.