Changes in Current Operating Assets and Liabilities-Indirect Method Huluduey Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable Inventory Accounts payable Dividends payable Adjust net income of $160,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $18,000 $14,400 29,700 20,700 10,800 27,600 8,400