Jasneet Corporation's balance sheet showed changes in current assets and liabilities between two periods. The company had net income of $185,000. This needs to be adjusted for changes in operating assets and liabilities to calculate net cash flows from operating activities.

1. Changes in Current Operating Assets and Liabilities Jasneet Corporation's comparative balance
sheet for current assets and liabilities was as follows: Adjust net income of $185 , 000 for
changes in operating assets and liabilities to arrive at net cash flows from operating activities.