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	$22,200		$21,800
Inventory	62,100		62,800
Accounts payable	14,600		14,000
Dividends payable	22,000		23,000

Adjust net income of $105,500 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.