Huluduey Corporation’s comparative balance sheet for current assets and liabilities was as follows:
| Dec. 31, 2016 | Dec. 31, 2015 | |
|---|---|---|
| Accounts receivable | $18,000 | $14,400 |
| Inventory | 34,800 | 29,700 |
| Accounts payable | 27,600 | 20,700 |
| Dividends payable | 8,400 | 10,800 |
Adjust net income of $160,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities
The section of the statement of cash flows that reports the cash transactions affecting the determination of net income.
. 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.
| Hartman, Inc | |
| Statement of Cash Flows ( Partial) | |
| For the Year Ended December 31, 2016 | |
| Increase (Decrease) in Cash | |
| Particular | Amount in $ |
| Cash flows from operating activities | |
| Net income | 160,000 |
| Add/ Less: | |
| Increase in receivables | -3600 |
| Increase in inventory | -5100 |
| Increase in accounts payable | 6900 |
| Decrease in divided payable | -2400 |
| Net cash provided by operating activities | 155,800 |
