Question: Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2Dec. 31, 20Y1 Accounts receivable$24,400$24,200Inventory72,90073,600Accounts payable21,90020,300Dividends payable25,00027,000 Adjust net
Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows:
Dec. 31, 20Y2Dec. 31, 20Y1Accounts receivable$24,400$24,200Inventory72,90073,600Accounts payable21,90020,300Dividends payable25,00027,000
Adjust net income of $124,700 for changes in operating assets and liabilities to arrive at netcash flow from operating activities.
$
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