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	$33,100		$27,600
Inventory	58,800		67,600
Accounts payable	14,600		18,300
Dividends payable	20,000		22,000

Adjust net income of $97,800 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.