Question: Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $18,100 $17,100

Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows:

Dec. 31, Year 2 Dec. 31, Year 1
Accounts receivable $18,100 $17,100
Inventory 68,300 69,000
Accounts payable 11,400 10,600
Dividends payable 28,000 26,000

Adjust net income of $119,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

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