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

Changes in Current Operating Assets and LiabilitiesIndirect Method

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

Dec. 31, Year 2 Dec. 31, Year 1
Accounts receivable $21,400 $25,500
Inventory 83,700 74,700
Accounts payable 19,500 16,400
Dividends payable 21,000 19,000

Adjust net income of $86,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $

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