Fortune Corporations comparative balance sheet for current assets and liabilities was as follows:

Dec. 31, Year 2 Dec. 31, Year 1

Accounts receivable $7,500 $5,200

Inventory 11,500 16,000

Accounts payable 4,300 5,200

Dividends payable 4,000 3,000

Adjust Year 2 net income of $65,000 for changes in operating assets and liabilities to arrive at cash flows from operating activities using the indirect method. $