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Fortune Corporation's comparative balance sheet showed noncash current assets and liabilities as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $7,366 $4,479

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Fortune Corporation's comparative balance sheet showed noncash current assets and liabilities as follows: Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $7,366 $4,479 Merchandise inventory 9,876 14,478 Accounts payable 4,222 5,704 Dividends payable 4,888 2,410 Adjust Year 2 net income of $63,454 for changes in current operating assets and liabilities to arrive at net cash flows from operating activities using the indirect method

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