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Huluduey Corporations comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $31,790 $26,140

Huluduey Corporations comparative balance sheet for current assets and liabilities was as follows:

Dec. 31, Year 2

Dec. 31, Year 1

Accounts receivable $31,790 $26,140
Inventory 17,310 15,380
Accounts payable 16,750 14,210
Dividends payable 51,830 47,070

Adjust the net income of $201,050 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments if required

1

Net income

2

Adjustments to reconcile net income to net cash flow from operating activities:

3

Changes in current operating assets and liabilities:

4

5

6

7

Huluduey Corporations comparative balance sheet for current assets and liabilities was as follows:

Dec. 31, Year 2

Dec. 31, Year 1

Accounts receivable $31,790 $26,140
Inventory 17,310 15,380
Accounts payable 16,750 14,210
Dividends payable 51,830 47,070

Adjust net income of $201,050 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required.

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