Adjusting Net Income for Changes in Current Assets and Current Liabilities Dietrich Corp. reported net income of $25,000 for 20-2. The December 31 balances of the current assets and current liabilities are shown below. Accounts Receivable Merchandise Inventory Accounts Payable Wages Payable Compute cash provided by operating activities 20-2 $4,100 25,000 20,000 7,700 20-1 $3,000 30,000 18,000 12,000