Changes in Current Operating Assets and Liabilities--Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Accounts receivable Inventory Dec. 31, Year 2 Dec. 31, Year 1 $17,700 $15,400 55,800 65,600 20,900 24,600 20,000 21,000 Accounts payable Dividends payable Adjust net income of $96,500 for changes in operating assets and liabilities to arrive at net cash flow from operating activities