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Changes in Current Operating Assets and Liabilities Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec.

Changes in Current Operating Assets and Liabilities

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

Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $21,000 $26,300 Inventory 89,500 78,500 Accounts payable 16,200 19,700 Dividends payable 27,000 25,000 Adjust net income of $112,900 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.

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