Question: Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2. Dec. 31, Year 1 Accounts receivable. $33300. $28,500

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

Dec. 31, Year 2. Dec. 31, Year 1 Accounts receivable. $33300. $28,500

Inventory. 67,200 77,200

Accounts payable 20,100 23,900

Dividends payable 25,000 23,000

Adjust net income of $102,500 for changes in operating assets and liabilities to arrive at netcash flow from operating activities.

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