Changes in Current Operating Assets and LiabilitiesIndirect Method

Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 2014 Dec. 31, 2013

Accounts receivable $19,800 $23,000

Inventory $80,800 $72,800

Accounts payable $19,000 $23,800

Dividends payable $19,000 $18,000

Adjust net income of $83,000 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.