Changes in Current Operating Assets and LiabilitiesIndirect Method

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

	Dec. 31, 20Y2		Dec. 31, 20Y1
Accounts receivable	$31,100		$29,800
Inventory	58,700		59,400
Accounts payable	21,700		21,500
Dividends payable	28,000		26,000

Adjust net income of $118,500 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.