Phelps Corporation's comparative balance sheet for current assets and liabilities was as follows:
Dec. 31, 2013 Dec. 31, 2012
Accounts receivable $22,500 $27,000
Inventory 15,000 12,900
Accounts payable 13,500 11,850
Dividends payable 41,250 44,250
Adjust net income of $138,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.