Question: Changes in Current Operating Assets and Liabilities Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec.

Changes in Current Operating Assets and Liabilities

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

Dec. 31, Year 2 Dec. 31, Year 1
Accounts receivable $33,100 $27,600
Inventory 58,800 67,600
Accounts payable 14,600 18,300
Dividends payable 20,000 22,000

Adjust net income of $97,800 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.

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