Changes in Current Operating Assets and LiabilitiesIndirect Method

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

	Dec. 31, Year 2		Dec. 31, Year 1
Accounts receivable	$15,700		$14,600
Inventory	61,600		62,300
Accounts payable	16,500		15,800
Dividends payable	28,000		26,000

Adjust net income of $119,700 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.