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	$25,700		$24,400
Inventory	53,300		54,000
Accounts payable	30,000		29,400
Dividends payable	24,000		26,000

Adjust net income of $117,600 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $