Changes in Current Operating Assets and Liabilities-Indirect Method Accounts receivable Inventory Accounts payable Dividends payable Adjust net income of $100,700 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2 $19,800 56,500 17,700 21,000 Dec. 31, Year 1 $19,200 57,200 16,000 22,000 121,700 X