Changes in Current Operating Assets and Liabilities

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

	Dec. 31, Year 2		Dec. 31, Year 1
Accounts receivable	$22,700		$27,000
Inventory	77,100		67,600
Accounts payable	22,400		18,800
Dividends payable	22,000		24,000

Adjust net income of $110,300 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. $ fill in the blank 1