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	$10,200		$12,000
Inventory	61,900		54,800
Accounts payable	8,500		10,100
Dividends payable	21,000		20,000

Adjust net income of $88,700 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. $fill in the blank 1