Huluduey Corporation’s comparative balance sheet for current assets and liabilities was as follows:
Dec. 31, Year 2 |
Dec. 31, Year 1 |
|
Accounts receivable | $31,340 | $27,670 |
Inventory | 17,180 | 16,090 |
Accounts payable | 16,510 | 14,340 |
Dividends payable | 51,850 | 49,250 |
Adjust the net income of $211,930 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 any adjustments, if required.
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