Zwilling Corporations comparative balance sheet for current assets and liabilities was as follows Dec 31, Year 2 Dec 31, Year 1 Accounts receivable $35,000 $39,500 Inventory 22,500 18,450 Accounts payable 18,500 16,300 Dividends payable 43,200 53,100 Adjust net income of $320,000 for changes in ope...

Step 1 Dividend paid is an financing activity item So Dividend paid is not to be shown under th ...

Zwilling Corporations comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2

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Zwilling Corporation’s comparative balance sheet for current assets and liabilities was as follows:

	Dec. 31, Year 2	Dec. 31, Year 1
Accounts receivable	$35,000	$39,500
Inventory	22,500	18,450
Accounts payable	18,500	16,300
Dividends payable	43,200	53,100

Adjust net income of $320,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, and for any adjustments, if required.