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	$11,400		$14,400
Inventory	87,600		76,200
Accounts payable	31,500		26,000
Dividends payable	24,000		22,000

Adjust net income of $99,600 for changes in operating assets and liabilities to arrive at net cash flows from operating activities. $fill in the blank 1