Dec. 31, Year 2	Dec. 31, Year 1
Accounts receivable	$16,800		$13,900
Inventory	63,200		74,300
Accounts payable	22,800		27,100
Dividends payable	21,000		22,000

Adjust net income of $98,300 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. $fill in the blank 1