quiz 8, #6

ale 8 Problem Set Changes in Current Operating Assets and Liabilities-Indirect Method ? 13.01 Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: 13.06 Dec. 31, 20Y2 Dec. 31, 20Y1 13.04.ALGO Accounts receivable $30,500 $29,400 Inventory 57,900 58,600 13.02 Accounts payable 19,900 18,100 13.05 Dividends payable 28,000 26,000 13.03.ALGO Adjust net income of $118,800 for changes in operating assets and liabilities to arrive at net cash flow from operating activities