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Changes in Current Operating Assets and Liabilities—Indirect Method Mohammed Corporation's comparative balance sheet for current assets...

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 $14,200 $13,800

Inventory 64,600 65,300

Accounts payable 11,500 11,200

Dividends payable 21,000 23,000

Adjust net income of $106,800 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

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