Changes in Current Operating Assets and Liabilities

Indirect Method Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows:

Dec. 31, 20Y2 Dec. 31, 20Y1

Accounts receivable $20,300 $19,400

Inventory 76,400 77,100

Accounts payable 21,500 20,900

Dividends payable 30,000 28,000

Adjust net income of $127,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities. $