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, Year Dec. 31, Year Accounts $13,000 $16,500 receivable Inventory 78,700 69,000 Accounts payable 31,900 28,000 Dividends payable 26,000 24,000 Adjust net income of $108,100 for changes in operating assets and liabilities to arrive at net cash flow from operating activities