Question: Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $13,400 $13,100 Inventory
Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows:
| Dec. 31, 20Y2 | Dec. 31, 20Y1 | |||
| Accounts receivable | $13,400 | $13,100 | ||
| Inventory | 55,800 | 56,500 | ||
| Accounts payable | 24,000 | 23,700 | ||
| Dividends payable | 22,000 | 21,000 |
Adjust net income of $95,200 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
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