Changes in Current Operating Assets and LiabilitiesIndirect Method

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

Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $18,900 $18,500 Inventory 75,200 75,900 Accounts payable 15,600 14,900 Dividends payable 19,000 18,000 Adjust net income of $80,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.