Changes in Current Operating Assets and LiabilitiesIndirect Method

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

	Dec. 31, 20Y2		Dec. 31, 20Y1
Accounts receivable	$28,700		$27,700
Inventory	56,700		57,400
Accounts payable	31,200		29,600
Dividends payable	25,000		23,000

Adjust net income of $104,800 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.

$___________