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

	Dec. 31, Year 2		Dec. 31, Year 1
Accounts receivable	$12,100		$14,100
Inventory	86,400		75,100
Accounts payable	22,300		26,900
Dividends payable	30,000		28,000

Adjust net income of $125,100 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.

Answer rating: 100% (QA)

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