Fortune Corporations comparative balance sheet showed noncash current assets and liabilities as follows:

	Dec. 31, Year 2	Dec. 31, Year 1
Accounts receivable	$7,704	$4,662
Merchandise inventory	9,743	15,285
Accounts payable	3,899	5,725
Dividends payable	4,358	3,369

Adjust Year 2 net income of $50,117 for changes in current operating assets and liabilities to arrive at net cash flows from operating activities using the indirect method.

$_______