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 $10,000 $12,600 Inventory 59,700 51,900 Accounts payable 21,200 26,200 Dividends payable 28,000 26,000 Adjust net income of $117,700 for changes in operating assets and liabilities to arrive at net cash flows from operating activiti Determining Cash Flows from (Used for) Operating Activities Yeoman Inc. reported the following data: Net income $385,500 Depreciation expense 52,100 Loss on disposal of equipment 39,600 Increase in accounts receivable 29,700 Increase in accounts payable 12,500 Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Yeoman Inc. Statement of Cash Flows (partial) Cash flows from (used for) operating activities: Net income Adjustments to reconcile net income to net cash flows from (used for) operating activities: Depreciation expense Loss on disposal of equipment Q II II Changes in current operating assets and liabilities: Increase in accounts receivable Increase in accounts payable Net cash flows from operating activities