53.

Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $19,000 $18,800 Inventory 67,500 68,200 Accounts payable 16,100 15,400 Dividends payable 20,000 19,000 Adjust net income of $84,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities