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