Question: Changes in Current Operating Assets and LiabilitiesIndirect Method Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, Year 2

Changes in Current Operating Assets and LiabilitiesIndirect Method

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

Dec. 31, Year 2 Dec. 31, Year 1
Accounts receivable $15,000 $12,600
Inventory 58,400 68,700
Accounts payable 12,900 16,100
Dividends payable 21,000 20,000

Adjust net income of $88,700 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $

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