Changes in current operating assets and liabilities-indirect method Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $22,100 $20,800 Inventory 69,300 70,000 Accounts payable 29,900 29,300 Dividends payable 27,000 25,000 Adjust net income of $111,600 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. X

Changes in current operating assets and liabilities-indirect method Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Adjust net income of $111,600 for changes in operating assets and liabilities to arrive at net cash flows from operating activities