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 $30,000 Inventory 45,500 Accounts payable 14,000 Dividends payable 29,000 Adjust net income of $121,200 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. $113,800 X Accounts receivable $25,400 53,500 18,000 27,000

Changes in Current Operating Assets and Liabilities Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Adjust net income of $121,200 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. x