Fortune Corporations comparative balance sheet for current assets and liabilities was as follows Dec 31, Year 2 Dec 31, Year 1 Accounts receivable $7,744 $5,042 Inventory 10,203 15,727 Accounts payable 4,462 5,820 Dividends payable 4,394 2,090 Adjust Year 2 net income of $45,545 for changes in operating assets and liabilities to arrive at cash flows from operating activities using the indirect method $

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Fortune Corporations comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $7,744 $5,042

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

	Dec. 31, Year 2	Dec. 31, Year 1
Accounts receivable	$7,744	$5,042
Inventory	10,203	15,727
Accounts payable	4,462	5,820
Dividends payable	4,394	2,090

Adjust Year 2 net income of $45,545 for changes in operating assets and liabilities to arrive at cash flows from operating activities using the indirect method. $

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