Changes in Current Operating Assets and LiabilitiesIndirect Method

Huluduey Corporation's comparative balance sheet for current assets and liabilities was as follows:

	Dec. 31, Year 2		Dec. 31, Year 1
Accounts receivable	$17,500		$12,500
Inventory	51,650		44,200
Accounts payable	8,480		5,100
Dividends payable	9,480		6,100

Adjust net income of $75,800 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $