Changes in Current Operating Assets and LiabilitiesIndirect Method

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

	Dec. 31, Year 2		Dec. 31, Year 1
Accounts receivable	$16,000		$18,800
Inventory	89,300		79,000
Accounts payable	21,900		19,200
Dividends payable	17,000		16,000

Adjust net income of $72,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $