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, Year 2		Dec. 31, Year 1
Accounts receivable	$18,800		$15,700
Inventory	52,500		59,700
Accounts payable	22,700		19,900
Dividends payable	15,000		16,000

Adjust net income of $73,900 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $