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, 20Y2 Dec.

Changes in Current Operating Assets and LiabilitiesIndirect Method

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

Dec. 31, 20Y2 Dec. 31, 20Y1
Accounts receivable $23,800 $23,400
Inventory 57,900 58,600
Accounts payable 28,300 27,200
Dividends payable 16,000 17,000

Adjust net income of $75,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

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