Changes in Current Operating Assets and LiabilitiesIndirect Method

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

	Dec. 31, 20Y2		Dec. 31, 20Y1
Accounts receivable	$20,800		$19,600
Inventory	72,700		73,400
Accounts payable	28,800		28,500
Dividends payable	25,000		27,000

Adjust net income of $124,800 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.