Changes in Current Operating Assets and Liabilities

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	$14,400		$17,400
Inventory	89,300		79,000
Accounts payable	14,500		17,000
Dividends payable	17,000		18,000

Adjust net income of $81,300 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.