1.Changes in Current Operating Assets and LiabilitiesIndirect Method

Victor Corporation's comparative balance sheet for current assets and liabilities was as follows:

	Dec. 31, 20Y2		Dec. 31, 20Y1
Accounts receivable	$25,800		$24,700
Inventory	73,000		73,700
Accounts payable	26,800		26,400
Dividends payable	20,000		19,000

Adjust net income of $86,900 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $____________

2.

Adjustments to Net IncomeIndirect Method

Omni Corporation's accumulated depreciationequipment account increased by $5,500 while $3,600 of patent amortization was recognized between balance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income statement showed a loss of $4,200 from the sale of investments.

Reconcile a net income of $62,300 to net cash flow from operating activities. $__________