Changes in Current Operating Assets and Liabilities

$$

Indirect Method

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

$$ Dec.

$3$

$1$

$,$

$2$

$0$

Y

$2$

$$Dec$.$

$3$

$1$

$,$

$2$

$0$

Y

$1$

Accounts receivable $

$2$

$9$

$,$

$0$

$0$

$0$

$$ $

$2$

$7$

$,$

$7$

$0$

$0$

$$

Inventory

$6$

$9$

$,$

$2$

$0$

$0$

$6$

$9$

$,$

$9$

$0$

$0$

$$

Accounts payable

$1$

$8$

$,$

$0$

$0$

$0$

$1$

$7$

$,$

$2$

$0$

$0$

$$

Dividends payable

$2$

$4$

$,$

$0$

$0$

$0$

$2$

$6$

$,$

$0$

$0$

$0$

$$

Adjust net income of $

$1$

$1$

$7$

$,$

$7$

$0$

$0$

$$for changes in operating assets and liabilities to arrive at net cash flow from operating activities.