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#6, mod 8 - answer is not 119,400 Changes in Current Operating Assets and Liabilities-Indirect Method Mohammed Corporation's comparative balance sheet for current assets and

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#6, mod 8 - answer is not 119,400

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

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