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

	Dec. 31, Year 2	Dec. 31, Year 1
Accounts receivable	$7,500	$5,200
Merchandise 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 current operating assets and liabilities to arrive at net cash flows from operating activities using the indirect method. $fill in the blank 1