Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Accounts receivable Inventory Accounts payable Dividends payable Dec. 31, Year 2 Dec. 31, Year 1 $19,500 $24,700 72,500 64,200 15,500 17,000 18,000 18,200 Adjust net income of $82,400 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. Cash Flows from Operating Activities-Indirect Method $250,300 Staley Inc. reported the following data: Net Income Depreciation expense Loss on disposal of equipment Increase in accounts receivable Increase in accounts payable 55,200 29.400 14,000 11,000 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Staley Inc. Statement of Cash Flows (partial) 250.300 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation expense 55.200 Loss on disposal of equipment 29.400 Changes in current operating assets and liabilities: Increase in accounts receivable 14.000 Increase in accounts payable 11.000 Net cash flow from operating activities $ 273,100 X