Changes in current operating assets and liabilities-indirect method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Adjust net income of $115,100 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. x Changes in current operating assets and liabilities-indirect method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Adjust net income of $115,100 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. x