Question: 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 $21,200

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 $21,200 $25,900

Inventory 81,100 71,800 Accounts payable 30,900 26,900 Dividends payable 25,000 23,000

If we Adjust net income of $104,700 for changes in operating assets and liabilities to arrive at netcash flow from operating activities.

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