Changes in Current Operating Assets and LiabilitiesIndirect 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	$15,700		$14,400
Inventory	52,400		53,100
Accounts payable	11,100		9,600
Dividends payable	25,000		27,000

Adjust net income of $124,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.