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Fortune Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $7,282 $4,335

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Fortune Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $7,282 $4,335 Inventory 9,693 16,315 4,266 5,996 Accounts payable Dividends payable 4,201 2,975 Adjust Year 2 net income of $50,889 for changes in operating assets and liabilities to arrive at cash flows from operating activities using the indirect method

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